Bullion Prices Rise in 2012, Gold Logs 12th Annual Gain

by Bullion Prices Staff on December 31, 2012

Bullion prices climbed on the last day of the year, adding to annual gains. Riding a streak of 12 consecutive yearly increases, gold advanced 7% in 2012.

Other precious metals registered stronger advances for the year after plunging in 2011. Platinum led in annual gains, up 9.8%. Silver followed at 8.3%. In third place was palladium at 7.2%.

In returning to gold, February futures on Monday rallied $19.90, or 1.2%, to settle at $1,675.80 an ounce on the Comex division of the New York Mercantile Exchange. Prices were hammered in the fourth quarter, down 12.6%, as a sluggish December contributed 9.2% of the loss.

Silver was volatile in 2012 even while notching its 8.3% annual gain, much like the previous two years when prices tumbled 9.8% in 2011 and soared 83.7% in 2010. On Monday, March silver futures added 25.2 cents, or 0.8%, to settle at $30.23 an ounce. Prices plunged 2.2% in December and fell in the fourth quarter by a whopping 12.6%.

In other New York bullion prices on Monday:

  • March palladium gained $3.05, or 0.4%, to $703.35 an ounce
  • April platinum gained $20.80, or 1.4%, to $1,542.40 an ounce

Platinum in December dropped 3.9% and fell 7.6% in the fourth quarter 2012. Palladium bucked the declining trend of the other precious metals for the month and quarter. Gains were 2.2% in December and 9.8% in Q4 2012.

Sales United States Mint Bullion Coins

On Monday, 6,500 was added to the bullion American Eagle gold coins total. December turned out to be an above average 2012 month for the 22-karat gold coins with sales of 76,000 ounces. Just two prior months this year were higher — November at 136,500 ounces and January at 127,000. January is an always solid month for bullion coins as newly dated issued launch. 2013 Gold Eagles debut on Jan. 2, 2013. Gold Eagle sales in 2012 reached 753,000 ounces, which is down significantly from the 1,000,000 ounces in 2011.

The inventory of 2012-dated American Eagle silver bullion coins ran out in mid-December. U.S. Mint Authorized Purchasers can order the new 2013 Silver Eagles on Jan. 7, 2013. As for the year, sales hit 33,742,500. That is the third highest annual sales total in the 26-year history of the series. Better years were 2011 at 39,868,500 and 2010 at 34,662,500.

24-karat American Buffalo gold coins achieved December sales of 8,000, which is the third lowest monthly total of the year. Annual sales were 132,000, which is lower than 2011′s total of 174,500.

Bullion products offered by the United States Mint are listed below. Within the columns are sales by day, for December and for 2012.

Sales of United States Mint 2012 Bullion Coins
  Monday Sales December Sales Annual Sales
1 oz American Eagle Gold Bullion Coins 6,500 73,000 667,000
1/2 oz American Eagle Gold Bullion Coins 0 3,000 71,000
1/4 oz American Eagle Gold Bullion Coins 0 6,000 76,000
1/10 oz American Eagle Gold Bullion Coins 0 0 315,000
1 oz American Buffalo Gold Bullion Coins 0 8,000 132,000
5 oz America the Beautiful Silver Bullion Coins 0 2,000 118,100
1 oz American Eagle Silver Bullion Coins 0 1,635,000 33,742,500


Notes: Sales of bullion coins above are in the number of coins sold, not the amount of ounces sold.

Bullion Prices in London – Monday, December and Annual

London bullion prices were mixed in a shortened Monday where markets closed early for New Year’s Eve. From the Friday PM to Monday AM fixings:

  • Gold gained $6.50, or 0.4%, to $1,664 an ounce,
  • Silver declined 20 cents, or 0.7%, to $29.95 an ounce,
  • Palladium fell $5, or 0.7%, to $699 an ounce, and
  • Platinum shed $4, or 0.3%, to $1,523 an ounce

For December, London bullion prices were also mixed. Palladium was the single gainer, up $14 or 2%. Metals with the monthly losses were:

  • Gold at $62 or 3.6%,
  • Silver at $4.33 or 12.6%, and
  • Platinum at $89 or 5.5%

For the year, London bullion prices were all higher like futures in New York.

  • Gold climbed $89.50 or 5.7%,
  • Silver added $1.77, or 6.3%,
  • Palladium advanced $63, or 9.9%, and
  • Platinum rose $142, or 10.3%

Check the bullion prices home page for always updated precious metals prices.

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