U.S. bullion prices climbed Tuesday as the U.S. dollar weakened. On the Comex division of the New York Mercantile Exchange, June gold prices added $1.40, or 0.1%, to $1,651.10 an ounce. The yellow metal touched an intraday low of $1,635.20 an ounce and reached a high of $1,658.40 an ounce.
"The dollar’s weakness is supporting all commodities, including gold," Sterling Smith, a market analyst at Country Hedging in St. Paul, Minnesota, said in a telephone interview that was recounted on Bloomberg.
Gains were better for other New York precious metals on Tuesday. May silver futures added 30.1 cents, or 1.0%, to $31.67 an ounce, June palladium futures rose $11.25, or 1.7%, to $661.95 an ounce, and July platinum futures added $8.90, or 0.6%, to $1,584.70 an ounce.
United States Mint Bullion Coin Sales
Bullion coin sales were muted Tuesday but increased on Monday, United States Mint published figures show. Gains on Monday included sales of 1,000 of the 1 oz. American Gold Eagle and 100,000 of the American Silver Eagle. In a highlight, the pick-up for the Silver Eagle lifted its year-to-date sales over 11 million.
The most recent bullion coin totals are offered in the daily, monthly and 2012 sales columns below.
|United States Mint 2012 Bullion Coin Sales|
|1 oz American Eagle Gold Coin||1,000||0||12,000||174,000|
|1/2 oz American Eagle Gold Coin||0||0||0||51,000|
|1/4 oz American Eagle Gold Coin||0||0||0||40,000|
|1/10 oz American Eagle Gold Coin||0||0||5,000||135,000|
|1 oz American Buffalo Gold Coin||0||0||7,000||53,500|
|5 oz America the Beautiful Silver Coins||0||0||200||8,000|
|1 oz American Silver Eagle||100,000||0||880,000||11,019,000|
Notes: Figures above are in coins, not ounces sold. The United States Mint last updated sales of its 5 oz. America the Beautiful Silver Bullion Coins on Monday, April 9, 2012. All other bullion sales have an "as of date" of Tuesday, April 17, 2012, as published on the Mint website.
Debut sales are in for the United States Mint’s most popular numismatic silver coin, the 2012 Proof American Silver Eagle. Buyers paid nearly $18 million over a five-day period to acquire 299,539 of the collectible coins. For a summary of sales, check out either one of these two articles:
The 2012 Proof American Silver Eagle, released on Thursday, is available for $59.95 and may be found on the United States Mint website at http://www.usmint.gov.
London Bullion Prices
London bullion prices, excluding gold, were higher Tuesday. The following grid offers London PM Fix daily prices through this week with gains and losses over the most recent two-days.
|London Bullion Price Fixings (PM)|
Refer to this site’s home page for always updated bullion prices and news.