Bullion Prices Extend Gains, 2011 ATB Silver Bullion Coins Launch

by Bullion Prices Staff on April 25, 2011

U.S. futures prices for precious metals were mixed Monday following the extended holiday break. Gold, silver and platinum prices continued to mark higher ground while palladium fell.

June gold prices rose $5.30, or 0.4%, to $1,509.10 an ounce on the Comex division of the New York Mercantile Exchange. The close was a new record high, the sixth straight.

"We do look at quite quick appreciation of gold in the coming months and it’s really driven by dollar weakness," Dominic Schnider, director for wealth management research at UBS AG, said in a Bloomberg Television interview today.

Gold prices ranged from an intraday low of $1,502.20 an ounce and a high of $1,519.20 an ounce.

May silver prices added $1.09, or 2.4%, to $47.15 an ounce — another fresh 31-year high. Silver reached higher earlier, making it to $49.82 an ounce before profit-taking emerged when the all-time record of $50.35 was missed.

In PGM futures prices, palladium lost $8.25, or 1.1%, to $760.80 an ounce and platinum advanced 7.40, or 0.4%, to $1,828.10 an ounce.

London markets were closed Monday for the holiday.

United States Mint bullion sales were the same Monday as Thursday.

2011 U.S. Mint Bullion Coin Sales
1 oz American Gold Buffalo 0 13,500 51,500
1 oz American Gold Eagle 0 65,000 328,500
1/2 oz American Gold Eagle 0 1,000 22,000
1/4 oz American Gold Eagle 0 2,000 40,000
1/10 oz American Gold Eagle 0 15,000 175,000
American Silver Eagle 0 2,101,000 14,530,000

Figures above are in coins, not ounces sold.

In related United States Mint bullion news of the day, the bureau released its first two 2011 5 oz silver bullion coins on Monday. The 2011 Gettysburg National Military Park Silver Bullion Coin and the 2011 Glacier National Park Silver Bullion Coin were made available to the Mint’s Authorized Purchasers. These America the Beautiful or ATB silver bullion coins feature a diameter of three inches and a composition of .999 fine silver.

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