Gold and Silver Prices Rebound, American Bullion Coins Higher

by Bullion Prices Staff on May 24, 2012

Gold and silver prices rebounded Thursday, their first increases in four sessions. Gold prices for June delivery added $9.10, or 0.6%, to $1,557.50 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices on the day traded between $1,551 an ounce and $1,577.70 an ounce.

"Gold had a pretty good short-covering rally today but it was extremely volatile because it followed whatever news that were coming out of Europe on Greece," said George Gero, vice-president at RBC Capital Markets Global Futures in New York.

In other New York futures, July silver prices added 64 cents, or 2.3%, to $28.16 an ounce, June palladium prices declined $3.60, or 0.6%, to $587.50 an ounce and July platinum prices added $8.30, or 0.6%, to $1,422.40 an ounce.

The following grid offers New York precious metals futures on a daily basis along with the most recent day’s gains and losses.

New York Futures – Bullion Prices
  Mon Tue Wed Thurs Daily Gain
($/%)
July Silver Prices $28.32 $28.18 $27.52 $28.16 $0.64
2.3%
June Gold Prices $1,588.70 $1,576.60 $1,548.40 $1,557.50 $9.10
0.6%
July Platinum Prices $1,461.50 $1,458.40 $1,414.10 $1,422.40 $8.30
0.6%
June Palladium Prices $610.80 $615.55 $591.10 $587.50 -$3.60
-0.6%

 

United States Mint Bullion Coins

Sales of the United States Mint bullion coins advanced Thursday. Rising were the popular 1 oz. coins, with the American Gold Eagle up 4,000; the American Gold Buffalo gaining 1,000; and the American Silver Eagle up 160,000.

The most recent bullion coin totals are offered in the daily, May and 2012 sales columns below.

Sales of United States Mint 2012 Bullion Coins
  Mon Tue Wed Thurs May 2012 Sales
1 oz American Eagle Gold Coins 3,500 0 1,000 4,000 44,000 225,000
1/2 oz American Eagle Gold Coins 2,000 0 1,000 0 3,000 54,000
1/4 oz American Eagle Gold Coins 2,000 0 2,000 0 4,000 46,000
1/10 oz American Eagle Gold Coins 10,000 0 0 0 15,000 150,000
1 oz American Buffalo Gold Coins 1,500 0 0 1,000 8,000 63,500
5 oz America the Beautiful Silver Coins 0 0 0 0 0 8,000
1 oz American Eagle Silver Coins 477,500 0 100,000 160,000 2,277,500 13,936,500

 

Notes: The sales of bullion coins above are in numbers sold, 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 figures have an "as of date" of Thursday, May 24, 2012, as published on the Mint website.

In the coin news item of the day, read about the upcoming releases of 2012 America the Beautiful 5 Oz. Silver Coins. The United States Mint started accepting orders for the first 2012-dated bullion 5 oz. coin on Monday and beginning next week it will offer the first 2012-dated collector 5 oz. coin.

London Bullion Prices

Earlier fixed London bullion prices moved in the same direction as later settled bullion futures in New York. The following grid offers London PM Fix daily bullion prices with the most recent day’s gains and losses.

London Bullion Prices (PM Fixings)
  Mon Tue Wed Thurs Daily Gain
($/%)
Silver Prices $28.39 $28.07 $27.76 $28.08 $0.32
1.2%
Gold Prices $1,592.50 $1,582.50 $1,549.00 $1,568.50 $19.50
1.3%
Platinum Prices $1,458.00 $1,458.00 $1,430.00 $1,431.00 $1.00
0.1%
Palladium Prices $611.00 $612.00 $607.00 $600.00 -$7.00
-1.2%

 

Refer to this site’s home page for always updated bullion prices and news.

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