Gold Prices Edge 30 Cents Higher

by CoinNews.net on April 25, 2019 · 0 comments

US Dollars and Gold Bullion Bars

Gold futures inched ahead 30 cents on Thursday, April 25

Precious metals futures lacked a lot of change Thursday. Gold gained for a second day in a row, with its latest increase at less than 0.1%.

Gold for June delivery rose 30 cents to finish at $1,279.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Given the very strong U.S. dollar index that hit a two-year high overnight and U.S. stock indexes that are at or near multi-month and record highs, the gold and silver market bulls could be faring much worse recently," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a note. "However, the bulls do need a fundamental catalyst to spark significant rally in prices. That’s been a tough chore in a generally quiet marketplace at present."

Gold futures ranged from a low of $1,275.20 to a high of $1,284.80. They increased 0.5% on Wednesday, fell 0.3% on Tuesday — ending at their lowest price since Dec. 26, and they edged up 0.1% on Monday.

Meanwhile, silver for May delivery shed 3.7 cents, or 0.3%, to end at $14.879 an ounce. Silver futures traded between $14.81 and $14.98. They rose 0.9% on Wednesday, dropped 1.2% on Tuesday, and gave back 0.1% on Monday.

In other precious metals futures Thursday:

  • July platinum turned $1.10 higher, or 0.1%, to $889.70 an ounce, ranging from $881.10 to $892.70.

  • Palladium for June delivery rose $1.80, or 0.1%, to $1,406.90 an ounce, trading between $1,397.20 and $1,411.30.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM

  • Gold added $9.15, or 0.7%, to $1,280.80 an ounce.
  • Silver rose 6 cent, or 0.4%, to $14.865 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

US Mint 2019 Bullion Sales

United States Mint bullion sales advanced by 900 ounces in American Platinum Eagles and by 500 ounces in American Gold Buffalos.

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)
Thursday Last Week This Week February March April 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 900 500 1,800 2,400 4,000 3,900 37,400
$50 American Eagle 1 Oz Gold Coin 0 0 2,500 11,000 8,500 5,500 69,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 1,000 1,000 19,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 4,000 2,000 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 15,000 15,000 10,000 135,000*
$50 American Buffalo 1 Oz Gold Coin 500 500 500 6,000 5,500 5,000 40,000
$1 American Eagle 1 Oz Silver Coin 0 0 0 2,057,500 850,000 550,000 7,475,000
Lowell 5 Oz Silver Coin 0 0 0 N/A 80,000 0 80,000

 

*The U.S. Mint on Thursday adjusted upward the $5 Gold Eagle total for January to 95,000 coins from 90,000 coins, lifting their year-to-date total to 135,000 coins.

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of