Gold rose slightly Monday, snapping a three-session losing streak. Gold futures for April delivery climbed a dime to settle at $1,572.40 an ounce on the Comex in New York.
The level was nearer gold’s intraday low at $1,569.70 an ounce. It reached as high as $1,584.30 an ounce.
This week "the markets will be looking towards the central-bank meetings on Thursday, and of course the [U.S.] employment report on Friday," MarketWatch quoted Jan Skoyles, head of research at The Real Asset Co. "Until we know more on these then I suspect gold will trade sideways."
Gold last week dipped 50 cents and settled Friday at its lowest price since July 18.
Marking a second session of very modest gains and tracking gold on the day, silver for May delivery added less than a cent to close at $28.496 an ounce. The metal ranged between $28.430 and $28.815. Silver prices edged up 3 cents last week.
In PGM futures Monday:
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April platinum fell $7.30, or 0.5%, to $1,566.20 an ounce, trading between $1,564.00 and $1,585.10.
- Palladium for June delivery declined $5.95, or 0.8%, to finish at $714.45 an ounce. The precious metal ranged from $713.00 to $726.75.
Last week, platinum lost 2.1% and palladium slipped 2%.
London Precious Metals
Bullion in London mixed it up. In contrasting Friday PM to Monday PM London Fix prices:
- Gold declined $8.00, or 0.5%, to $1,574.25 an ounce,
- Silver gained 68.0 cents, or 2.4%, to $28.69 an ounce,
- Platinum shed $1.00, or 0.1%, to $1,578.00 an ounce, and
- Palladium added $3.00, or 0.4%, to $724.00 an ounce
Last week in London, gold gained 0.4%, silver fell 2.7%, platinum lost 2% and palladium declined 1.5%.
US Bullion Coin Sales in March
Sales of gold and silver American Eagle bullion coins rose Monday. In total, Gold Eagles climbed 5,500 ounces and Silver Eagles added 763,000. The latter notably crossed 11 million mark for the year. No other United States Mint bullion products advanced on the day. Sales for current U.S. Mint bullion coins follow.
| American Eagle and Buffalo Bullion Coin Sales | |||||
|---|---|---|---|---|---|
| Monday Sales | Last Week | Week-To-Date | March Sales | YTD Sales | |
| $50 American Eagle Bullion Gold Coins | 4,500 | 20,000 | 4,500 | 8,500 | 201,000 |
| $25 American Eagle Bullion Gold Coins | 1,000 | 1,000 | 1,000 | 1,000 | 23,000 |
| $10 American Eagle Bullion Gold Coins | 2,000 | 2,000 | 2,000 | 2,000 | 38,000 |
| $5 American Eagle Bullion Gold Coins | 0 | 5,000 | 0 | 0 | 180,000 |
| $50 American Buffalo Bullion Gold Coins | 0 | 2,500 | 0 | 0 | 84,000 |
| American Silver Eagle Coins | 763,000 | 822,000 | 763,000 | 763,000 | 11,629,500 |
| America the Beautiful 5 Oz. Silver Bullion Coin Sales | |||||
|---|---|---|---|---|---|
| Monday Sales | Last Week | Week-To-Date | March Sales | All-Time Sales | |
| 2012 El Yunque National Forest 5 oz. Silver Bullion Coins | 0 | 0 | 0 | 0 | 24,000 |
| 2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins | 0 | 2,600 | 0 | 600 | 24,400 |
| 2012 Acadia National Park 5 oz. Silver Bullion Coins | 0 | 0 | 0 | 0 | 25,400 |
| 2012 Hawai’i Volcanoes 5 oz. Silver Bullion Coins | 0 | 0 | 0 | 0 | 20,000 |
| 2012 Denali National Park 5 oz. Silver Bullion Coins | 0 | 0 | 0 | 0 | 20,000 |
| 2011 Olympic National Park 5 oz. Silver Bullion Coins | 0 | 0 | 0 | 0 | 104,900 |
| 2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins | 0 | 12,400 | 0 | 10,400 | 58,100 |
| 2011 Chickasaw Park 5 oz. Silver Bullion Coins | 0 | 9,300 | 0 | 8,800 | 48,700 |
| TOTAL | 0 | 24,300 | 0 | 19,800 | 325,500 |
All bullion figures above are in the number of coins sold. Calculate total ounces by using the bullion coin’s weight.
