Gold Ends Nearly Flat, US Mint Bullion Coins Log First Gains in May

by CoinNews.net on May 8, 2018 · 0 comments

Gold and Silver Eagle Bullion Coins

On Tuesday, May 8, the U.S. Mint registered sales of its bullion coins for the first time this month

Precious metals futures changed little for a third straight session Tuesday. Gold, silver and platinum fell by 0.1% or less while palladium inched up 0.1%.

Gold for June delivery edged down 40 cents, or 0.03%, to settle at $1,313.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is still being kept in check by the firm U.S. dollar, which has profited from the widening of interest-rate differences between the U.S. and Europe," MarketWatch quoted Carsten Fritsch, commodities analyst at Commerzbank. "The interest advantage of U.S. Treasurys over German government bonds is at its highest level in 29 years."

Gold futures ranged from a low of $1,308.50 to a high of $1,317.70. They dipped 60 cents in starting the week on Monday.

Silver for July delivery declined 2.3 cents, or 0.1%, to close at $16.472 an ounce. Silver futures traded between $16.33 and $16.55. They fell 0.2% on Monday.

In rounding out precious metals futures prices:

  • July platinum shed $1.20, or 0.1%, to $912.10 an ounce, ranging from $907.80 to $915.20.

  • Palladium for June delivery added $1.30, or 0.1%, to $963.40 an ounce, trading between $959 and $971.

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 logged their first gains in May. Combined advances included 6,500 ounces in gold coins and 50,000 ounces in silver coins.

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)
Tuesday / This Week / May 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 1,500 500 2,500 4,000 49,000
$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 5,000 5,000 10,000 5,000 105,000
$50 American Buffalo 1 Oz Gold Coin 4,500 500 1,000 2,000 35,000
$1 American Eagle 1 Oz Silver Coin 50,000 230,000 915,000 915,000 6,057,500
Pictured Rocks 5 Oz Silver Coin 0 0 10,000 0 30,000
Apostle Islands 5 Oz Silver Coin 0 0 N/A 30,000 30,000

 

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