Gold Dips From Three-Week High

by CoinNews.net on February 15, 2018 · 1 comment

Gold Bullion and Coins

Precious metals futures were divided Thursday, Feb. 15, with gold and silver lower and platinum and palladium higher

Precious metals futures ended mixed Thursday. Gold finished lower for the first time in four sessions, slipping from a three-week high.

Gold for April delivery shed $2.70, or 0.2%, to settle at $1,355.30 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices were ending the U.S. day session modestly lower Thursday, on a minor downside correction from the strong gains seen Wednesday," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Still, the gold bulls this week have gained technical power to suggest more upside price action is likely in the near term."

Gold futures ranged from a low of $1,350.80 to a high of $1,359.80. They surged 2.1% on Wednesday — ending at their best price since Jan. 25, climbed 0.3% on Tuesday, and gained 0.8% on Monday.

Silver for March delivery declined 8.2 cents, or 0.5%, to settle at $16.796 an ounce. Silver futures traded between $16.60 and $16.95. They jumped 2.1% in the previous session, shed 0.3% on Tuesday and rallied 2.7% on Monday.

In other precious metals futures Thursday:

  • April platinum added $2, or 0.2%, to $1,001.10 an ounce, ranging from $996.50 to $1,009.70.

  • Palladium for March delivery advanced $9.35, or 0.9%, to $1,006.65 an ounce, trading between $996.05 and $1,015.65.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:

  • Gold gained $16.20, or 1.2%, to $1,352.45 an ounce.
  • Silver added 24.5 cents, or 1.5%, to $16.825 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

US Mint Bullion Sales in 2018

United States Mint bullion sales were unchanged. Below is a sales breakdown of U.S. bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Thursday Last Week This Week December January February 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 N/A 20,000 N/A N/A 20,000 20,000
$50 American Eagle 1 Oz Gold Coin 0 500 1,500 38,000 36,000 3,000 39,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 3,000 16,000 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 4,000 26,000 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 25,000 80,000 0 80,000
$50 American Buffalo 1 Oz Gold Coin 0 500 500 14,000 24,000 2,000 26,000
$1 American Eagle 1 Oz Silver Coin 0 225,000 410,000 742,000 3,235,000 635,000 3,870,000

 

1
Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
Old Collector Recent comment authors
  Subscribe  
Notify of
Old Collector
Guest
Old Collector

The invisible millionaires walk silently amongst us, steadily and efficiently vacuuming up unbelievable, unheard of quantities of whatever available silver, gold, platinum and palladium they – or rather, their designated gofetchits – can possibly find. Amen.