Gold Edges 10 Cents Lower

by CoinNews.net on April 3, 2019 · 0 comments

Three Gold Bullion Bars, Dark Background

Gold prices moved 10 cents lower Wednesday, April 3

Gold futures ended near unchanged Wednesday, slipping less than 0.1% after climbing just a bit more than that on Tuesday.

Gold for June delivery dipped 10 cents to settle at $1,295.30 an ounce on the Comex division of the New York Mercantile Exchange.

"Rallies in the U.S. stock indexes to new for-the-move highs today was a negative for the safe-haven metals, but selling interest was tempered by a drop in the U.S. dollar index," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.

Gold futures traded from a low of $1,292.70 to a high of $1,299. They gained less than 0.1% on Tuesday and fell 0.3% on Monday — ending at their lowest point since March 11.

Silver for May delivery added 4.1 cents, or 0.3%, to settle at $15.102 an ounce. Silver futures ranged from $15.00 to $15.16. They declined 0.3% on Tuesday and lost less than 0.1% on Monday. Last Thursday, prices settled at $14.973 an ounce for their worst close since Dec. 24.

In PGM futures on Wednesday:

  • July platinum tacked on $21.70, or 2.6%, to $874.20 an ounce, trading between $855 and $875.40.

  • Palladium for June delivery dropped $22.20, or 1.6%, to $1,378.10 an ounce, ranging from $1,351 to $1,413.

London Precious Metals Prices

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

  • Gold rose 15 cents to $1,290.45 an ounce.
  • Silver added 14 cents, or 0.9%, to $15.165 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 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 Last Week This Week / April February March 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 1,000 600 2,400 4,000 34,100
$50 American Eagle 1 Oz Gold Coin 0 1,000 1,000 11,000 8,500 65,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 1,000 17,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 0 4,000 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 5,000 10,000 15,000 120,000
$50 American Buffalo 1 Oz Gold Coin 0 0 2,000 6,000 5,500 37,000
$1 American Eagle 1 Oz Silver Coin 0 0 539,500 2,157,500 850,000 7,564,500
Lowell 5 Oz Silver Coin 0 0 0 N/A 80,000 80,000

 

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