Bullion Prices Mixed, US Mint Bullion Coins Unchanged

by Bullion Prices Staff on December 23, 2010

U.S. bullion prices were mixed Thursday, with palladium edging higher while gold, silver and platinum declined slightly. US Mint bullion coin sales figures were unchanged from the levels reported on the previous day.

Gold futures prices for February delivery closed down $6.90, or 0.5%, to $1,380.50 an ounce on the Comex division of the New York Mercantile Exchange.

"Investors have had a good year in gold and commodities, and they want to take some of that money home," Leonard Kaplan, the president of Prospector Asset Management in Evanston, Illinois, said and was quoted on Bloomberg.

Gold reached an intraday low of $1,372.60 and a high of $1,389. The metal has climbed 26% in 2010.

In other New York futures prices, silver finished down 5.7 cents, or 0.2%, to $29.33 an ounce, palladium rose $2.95, or 0.4%, to $758.10 an ounce, and platinum fell $7.80, or 0.5%, to $1,723.10 an ounce. Palladium has been the hottest precious metal this year, marking an increase of 85%. Silver follows with a gain of 74%. Patinum brings up the rear at 17%.

In earlier bullion prices, the London PM gold fixing price was $1,373.50 an ounce for a loss of $13.50, or 1%. Silver lost 17 cents, or 0.6%, and was fixed to $29.18. In PGM metals, palladium declined $5, or 0.7%, to $752 and platinum was fixed to $1,720 for a loss of $8, or 0.5%.

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