Gold Ends at 5-Week Low

by CoinNews.net on April 25, 2018 · 0 comments

Gold bullion and nuggets

Losses in precious metals futures ranged from 0.4% for palladium to 2.4% for platinum

Precious metals futures declined Wednesday as the U.S. dollar gained against other world currencies. Gold finished at its lowest price in five weeks.

Gold for June delivery declined $10.20, or 0.8%, to settle at $1,322.80 an ounce on the Comex division of the New York Mercantile Exchange. The close is the lowest since March 21.

"As traders put geopolitical and trade risk in the rear-view mirror for the time being, how the dollar flourishes and wilts will be the primary driver of near-term gold sentiment," Reuters quoted Stephen Innes, APAC trading head at OANDA.

Gold futures ranged from a low of $1,320.20 to a high of $1,333.80. They advanced 0.7% on Tuesday, and dropped 1.1% in starting the trading week on Monday.

Silver for May delivery fell 20.1 cents, or 1.2%, to settle at $16.502 an ounce. Silver futures traded between $16.47 and $16.71. They rose 0.7% on Tuesday, and sank 3.4% on Monday

In PGM futures on Wednesday:

  • July platinum lost $22.30, or 2.4%, to $912.70 an ounce, ranging from $911.40 to $934.90.

  • Palladium for June delivery declined $4.15, or 0.4%, to $967.50 an ounce, trading between $951.80 and $969.

London Precious Metals Prices

LBMA bullion prices are available on the LBMA 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. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Wednesday / This Week Last Week March April 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 500 2,500 2,500 46,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 10,000 0 95,000
$50 American Buffalo 1 Oz Gold Coin 0 500 1,000 1,000 29,500
$1 American Eagle 1 Oz Silver Coin 0 275,000 915,000 610,000 5,702,500
Pictured Rocks 5 Oz Silver Coin 0 0 10,000 0 30,000
Apostle Islands 5 Oz Silver Coin 0 30,000 N/A 30,000 30,000

 

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