Bullion Prices Mixed, US Coins Remain Unchanged

by Bullion Prices Staff on January 13, 2011

U.S. bullion prices were mixed Thursday as silver broke away from other precious metals and settled lower, snapping a string of three daily increases.

February gold prices edged up $1.20, or 0.1%, to $1,387 an ounce on the Comex division of the New York Mercantile Exchange. Its intraday low was at $1,377.20 an ounce and its high at $1,392.90. The metal has climbed higher for four straight days.

"The euro is coming back strong, and gold is starting to move with it," Frank McGhee, the head dealer at Integrated Brokerage Services in Chicago, said and was quoted on Bloomberg. "It’s an old story that we haven’t used in a while, but gold is now moving in lock-step with the euro against the dollar."

March silver prices closed at $29.26 an ounce, dropping 28.2 cents or 1%.

In PGM futures metals prices, March palladium finished up $6.85, or 0.8%, to $814.70 an ounce and April platinum added $20.10, or 1.1%, to $1,821.20 an ounce, capping a sixth day of gains.

In earlier bullion prices, the London PM gold fixing was $1,381.50 an ounce marking an advance of $2.75, or 0.2%. Silver fell 38 cents, or 1.3% to $29.22. The palladium fixing came in at $819 an ounce for an increase of $16, or 2%. Platinum rose $31, or 1.7%, to $1,824 an ounce.

United States Mint bullion coins sales were unchanged from Wednesday. For a closer look at recent bullion and numismatic U.S. Mint sales, read the article Proof Eagles Top 860,000.

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