Precious Metals End Mixed Wed., Feb. 13

by CoinNews.net on February 13, 2019 · 0 comments

Gold Bullion and US Money

Gold prices rose 0.08% Wednesday, Feb. 13

Precious metals were mixed Wednesday with gold and platinum closing slightly higher and silver and palladium finishing a bit lower.

Gold for April delivery rose $1.10, or less than 0.1%, to settle at $1,315.10 an ounce on the Comex division of the New York Mercantile Exchange.

Gold futures ranged from a low of $1,308.10 to a high of $1,321.70. They climbed 0.2% on Tuesday and shed 0.5% on Monday.

Elsewhere, silver for March delivery gave back 3.8 cents, or 0.2%, to close at $15.652 an ounce. Silver futures traded between $15.52 and $15.80. They ended flat on Tuesday and declined 0.8% on Monday.

"Buying interest in both metals [gold and silver] was limited by a higher U.S. dollar index today, as well as firmer U.S. stock indexes that hit two-month highs," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "However, the sellers remain timid due to the near-term bullish technical postures for both gold and silver."

In PGM futures on Wednesday:

  • April platinum added $2.20, or 0.3%, to $791.80 an ounce, ranging from $787.40 to $796.50.

  • Palladium for March delivery declined $2.80, or 0.2%, to $1,372.60 an ounce, trading between $1,370 and $1,388. They logged a record settlement of $1,375.40 an ounce on Tuesday.

London Precious Metals Prices

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

  • Gold added $2.80, or 0.2%, to $1,312.80 an ounce.
  • Silver fell 11.5 cents, or 0.7%, to $15.695 an ounce.

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

US Mint 2019 Bullion Sales

United States Mint bullion sales picked up by a combined 2,000 ounces in American Eagle and Buffalo gold coins and by 125,000 ounces in American Silver Eagles.

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 Last Week This Week January February 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 900 0 27,100 1,400 28,500
$50 American Eagle 1 Oz Gold Coin 1,000 3,500 1,000 44,500 5,500 50,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 15,000 1,000 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 20,000 0 20,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 85,000 5,000 90,000
$50 American Buffalo 1 Oz Gold Coin 1,000 3,000 2,000 23,500 5,000 28,500
$1 American Eagle 1 Oz Silver Coin 125,000 255,000 675,000 4,017,500 960,000 4,977,500

 

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