Gold Slips Less Than 0.1%, Silver Climbs 0.7%

by CoinNews.net on April 17, 2018 · 4 comments

Silver Bullion Bars

Silver futures ended higher for a third straight day — their eighth gain in nine sessions

Most precious metals futures posted gains Tuesday. Gold was an exception, sliding slightly as the U.S. dollar climbed against other world currencies.

Gold for June delivery slipped $1.20, or less than 0.1%, to settle at $1,349.50 an ounce on the Comex division of the New York Mercantile Exchange.

Gold was held back Tuesday "first and foremost because of a dollar recovery, and secondly because of the equity market rally, which has reduced the appeal of safe-haven assets," MarketWatch quoted Fawad Razaqzada, technical analyst at Forex.com. "However, with the Syrian and Russian situations lurking in the background, the dips remain shallow — for now, anyway."

Gold futures traded between $1,340.20 and $1,352.20. On Monday, they rose 0.2%.

Advancing for the eighth time in nine sessions, silver for May delivery gained 11 cents, or 0.7%, to settle at $16.787 an ounce. Silver futures ranged from $16.57 to $16.80. They edged up 0.1% on Monday.

In rounding out precious metals prices on Tuesday:

  • July platinum moved up $8.20, or 0.9%, to $940 an ounce, trading between $925 and $940.50.

  • Palladium for June delivery added $1.25, or 0.1%, to $1,005 an ounce, ranging from $975.20 to $1,007.30.

London Precious Metals Prices

LBMA bullion prices are available on the LBMA website with a delay of midnight.

US Mint Bullion Sales in 2018

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)
Tuesday Last Week This Week March April 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 2,000 500 2,500 2,500 46,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 10,000 0 95,000
$50 American Buffalo 1 Oz Gold Coin 0 500 500 1,000 1,000 29,500
$1 American Eagle 1 Oz Silver Coin 0 125,000 275,000 915,000 610,000 5,702,500
Pictured Rocks 5 Oz Silver Coin 0 0 0 10,000 0 30,000
Apostle Islands 5 Oz Silver Coin 0 N/A 30,000 N/A 30,000 30,000

 

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Lemmy Caution
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Lemmy Caution

Well, palladium has certainly taken off like a rocket and left platinum in its contrails! I for one did not expect that after palladium’s recent performance, i.e., pricing weakness of late; who knew?

Seth Riesling
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Seth Riesling

What caused silver to go over the $16.99 barrier today!? (Wednesday, April 18) . At this moment it is up 44-cents at $17.20.

-NumisdudeTX

Joe Brown
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Joe Brown

*i still say *platinum will be higher than all! But only they-know when.

Joe Brown
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Joe Brown

p.s, does anyone know who *they are? *smile.