Gold Rebounds From 1-Month Low

by CoinNews.net on April 24, 2018 · 1 comment

Three Gold Bullion Bars

Gold climbed Tuesday after closing Monday at its lowest price since March 21

Gold, silver and platinum futures finished higher Tuesday following sharp losses on Monday. Gold and silver each advanced 0.7%.

Rebounding from a more than one-month low and posting its first gain in four sessions, gold for June delivery rose $9 to settle at $1,333 an ounce on the Comex division of the New York Mercantile Exchange.

"The dollar has been a driving force as of late. We’ve been seeing a little weakness in equities today, too," Reuters quoted David Meger, director of metals trading at High Ridge Futures in Chicago.

Gold futures ranged from a low of $1,323.60 to a high of $1,334.50. They dropped 1.1% in starting the trading week on Monday, marking their lowest close since March 21.

Silver for May delivery added 11.6 cents to end at $16.703 an ounce. Silver futures traded between $16.53 and $16.74. They sank 3.4% on Monday.

In other precious metals futures prices on Tuesday:

  • July platinum gained $12.60, or 1.4%, to $935 an ounce, ranging from $918.60 to $937.70.

  • Palladium for June delivery lost $7.90, or 0.8%, to $971.65 an ounce, trading between $955.75 and $980.90.

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

 

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Joe Brown

Really no new, news here, accept *platinum has risen! 1.1/4% & some what holding.