Precious metals advanced Wednesday — gold, silver and platinum for the first time in four sessions. Palladium extended its gains to three days in a row.
Gold for April delivery turned up $4.20, or 0.4%, to settle at $1,201.50 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices moved between $1,200.70 and $1,211.70.
"Today’s rally is a relief that we’re not in imminent danger for a rate increase, according to [Federal Reserve chair] Yellen," Bloomberg News quoted George Gero, a precious-metals strategist at RBC Capital Markets in New York.
Silver for March delivery tacked on 24 cents, or 1.5%, to $16.43 an ounce, trading between $16.28 and $16.70.
In PGM futures on Wednesday:
April platinum added $6.20, or 0.5%, to $1,168.50 an ounce, ranging from $1,164 to $1,177.20.
- Palladium for March delivery jumped $18.05, or 2.3%, to $808.05 an ounce, trading between $790.85 and $808.30.
London Fix Precious Metals
Earlier fixed London precious metals advanced as well. In comparing London bullion Fix prices from Tuesday PM to Wednesday PM:
- Gold rose $12.25, or 1%, to $1,204.75 an ounce,
- Silver gained 19 cents, or 1.2%, to $16.51 an ounce,
- Platinum added $6, or 0.5%, to $1,166 an ounce, and
- Palladium rose $15, or 1.9%, to $803 an ounce.
US Mint Bullion Coin Sales in February
United States Mint bullion sales were unchanged. Below are U.S. Mint bullion products with columns listing the number of bullion coins sold during varying time periods.
|American Eagle and Buffalo Bullion Sales (# of coins)|
|Wednesday Sales||Last Week||Current Week||January Sales||February Sales||YTD Sales|
|$50 American Eagle Bullion Gold Coins||0||4,500||3,500||51,500||12,500||64,000|
|$25 American Eagle Bullion Gold Coins||0||0||0||18,000||2,000||20,000|
|$10 American Eagle Bullion Gold Coins||0||0||0||36,000||0||36,000|
|$5 American Eagle Bullion Gold Coins||0||5,000||10,000||115,000||50,000||165,000|
|$50 American Buffalo Bullion Gold Coins||0||3,000||3,000||34,500||12,000||46,500|
|$1 American Eagle Silver Bullion Coins||0||720,000||718,500||5,530,000||2,963,000||8,493,000|
|2015 Homestead 5 Oz Silver Bullion Coins||0||14,500||5,000||N/A||19,500||19,500|
Question..Rec’d Kennedy rolls (item KN8) with BAD scratches on face of only coin I could see. I’m fairly new to collecting so I’m unaware of how common a problem this is with the mint. should I return them or just take a loss ? Thanks