Gold Declines, Silver Rises, Gold Eagle Coins Up

Gold Bar and US Gold Eagle Coins
Gold declined for a third day on Thursday, but gains were made in American Gold Eagle coins for the first time since Monday.

Gold declined for a third session Thursday, pressured by a stronger U.S. dollar and continued investor disappointment over the missing QE3 signal from the Fed’s last meeting.

"Investors remain cautious on indications that the Fed is unlikely to launch additional monetary stimulus until U.S. economic conditions weaken further," Reuters quoted Suki Cooper, precious metals analyst at Barclays Capital.

Gold prices for August delivery declined $10.40, or 0.7%, to $1,565.30 an ounce on the Comex in New York. Gold traded from an intraday low of $1,554.40 to a high of $1,577.90.

In other New York bullion futures:

  • The sole precious metal to rise Thursday was silver, marking a second day of gains. Silver prices for September delivery added 13.8 cents, or 0.5%, to $27.161 an ounce. Silver traded between $26.425 and $27.330.

  • Platinum prices for October delivery settled at $1,412.50 an ounce, falling $19.10 or 1.3%. The metal ranged from $1,405.70 to $1,431.00

  • Palladium prices for September delivery fell $8.15, or 1.4%, to $574.80 an ounce. Prices moved between $572.00 and $582.25.

London Precious Metals

Earlier fixed London precious metals were again lower Thursday. When comparing the latest London PM fixings:

  • Gold lost $20.75, or 1.3%, to $1,556.25 an ounce,
  • Silver fell 44.0 cents, or 1.6%, to $27.67 an ounce,
  • Platinum declined $10.00, or 0.7%, to $1,410.00 an ounce, and
  • Palladium dipped $2.00, or 0.3%, to $574.00 an ounce

U.S. Mint Bullion Coin Sales

The U.S. Mint registered bullion coin sales Thursday following two days of silence. Those sales, however, were limited to the bureau’s one ounce American Gold Eagle. The following are the latest daily, July and year-to-date bullion coin sales totals as published by the U.S. Mint.

Sale of US Mint American Eagle and Buffalo Bullion Coins
  Daily Gains July Gains YTD 2012
$50 American Gold Eagle Coins 5,000 13,000 298,000
$25 American Gold Eagle Coins 0 0 56,000
$10 American Gold Eagle Coins 0 2,000 54,000
$5 American Gold Eagle Coins 0 0 175,000
$50 American Buffalo Gold Coin 0 1,500 76,500
American Eagle Silver Coin 0 755,000 18,147,000


Sales of America the Beautiful 5 Oz. Bullion Silver Coins
  Daily Gains July Gains All-Time Total
2012 El Yunque National Forest 5 oz. Silver Bullion Coins 0 500 10,400
2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins 0 1,800 5,000
2011 Olympic National Park 5 oz. Silver Bullion Coins 0 100 85,300
2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins 0 0 38,600
2011 Chickasaw Park 5 oz. Silver Bullion Coins 0 0 28,900
TOTAL 0 2,400 166,900


The above U.S. Mint bullion coin sales are in coin totals, not the amount of ounces sold.

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