U.S. gold prices declined for a second week in a row after rising for three weeks previously. Weekly losses accumulated to 5%. In the bigger picture, gold is riding a streak of seven consecutive session declines in which prices have fallen 7.4%.
U.S. gold prices fell for the week, the first time in three weeks. US Mint gold bullion coin sales weakened. Silver also declined for the first time in three weeks, yet sales of US Mint silver bullion coins were stronger.
U.S. gold prices rose for a second consecutive week. Gains were slighter this week at 0.7%, however, compared to last week’s 4.2% surge. Gold was the single precious metal lower Friday. Gold prices for June delivery fell $3.40, or 0.2%, to $1,464.20 an ounce
Bullion prices tumbled this week, led by silver futures and followed quickly by gold prices — both hit multi-year lows though gold recovered a portion of its losses.
Gold, silver, platinum and palladium plummeted Friday. Gold had already been heading for a weekly decline but the other precious metals were dragged into losses for the week.
U.S. gold and silver prices rallied Friday but the two metals still ended lower than last week. Losses were 1.2% for gold and 3.9% for silver. PGM’s also declined on the week, down a whopping 5.8% for palladium and off 2.5% for platinum.
Bullion prices ended mixed for the week, for March and for the first quarter 2013. During the January through March period, U.S. gold futures ended down 4.8% and silver plummeted 6.3% while platinum gained 2.1% and palladium rallied 9.2%.
It was another mixed week for bullion prices. Gold prices advanced for a third week in a row but silver, palladium and platinum fell for a second straight week. United States bullion coin performances were split this week as well.
Bullion prices mixed it up this week as gold gained 1% and other precious metals retreated from between 0.3% and 0.9%. In United States bullion coins, sales slowed for both silver and gold coins.
Palladium was the big winner this week, though all precious metals in New York moved higher. In the weekly breakouts, palladium gained 8.7%, gold prices rose 0.3%, silver advanced 1.6% and platinum added 1.9%.