Gold Prices Decline, Silver Falls and US Bullion Coins Unchanged

by Bullion Prices Staff on February 14, 2012

Gold prices declined for a third straight session Tuesday, pressured by a higher greenback. Gold prices lost $7.20, or 0.4%, to $1,717.70 an ounce on the Comex division of the New York Mercantile Exchange, ranging from $1,713.80 an ounce to $1,729.90 an ounce.

"The dollar’s strength is acting against gold," Lance Roberts, the chief executive officer at Streettalk Advisors LLC in Houston, said in a telephone interview that was cited on Bloomberg. "The weekly sell signal remains."

In other New York futures, March silver prices declined 37.4 cents, or 1.1%, to $33.35 an ounce, March palladium prices fell $11.30, or 1.6%, to $687.25 an ounce and April platinum prices declined $21.70, or 1.3%, to $1,628 an ounce.

United States Mint Bullion Sales

The United States Mint published sales increases for its bullion coins on Monday but not Tuesday. The most recent bullion sales are provided below in the daily, monthly and 2012 columns.

Sales of United States Mint 2012 Bullion Coins
Mon. Tues. Feb. 2012 Sales
1 oz American Gold Eagle 1,500 0 9,500 94,000
1/2 oz American Gold Eagle 0 0 0 49,000
1/4 oz American Gold Eagle 0 0 2,000 40,000
1/10 oz American Gold Eagle 0 0 0 85,000
1 oz American Gold Buffalo 500 0 2,000 15,500
5 oz America the Beautiful Silver Coins 0 0 0 5,700
1 oz American Eagle Silver Coins 25,000 0 735,000 6,842,000

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 Friday, January 27, 2012. All other figures have an "as of date" of Tuesday, February 14, 2012, as published on the Mint website.

In recent United States Mint news, the following articles are of note:

The first article discusses the Infantry Soldier Silver Dollar Defenders of Freedom Set which will be released Thursday by the United States Mint for $51.95. The set will include a proof 2012 Infantry Soldier Silver Dollar plus a replica dog tag and special packaging. The latter two are not included with the individually sold proof coin which will go for $49.95.

The second article provided information on the National Baseball Hall of Fame Commemorative Coin Act which was introduced in the Senate and calls for gold and silver coins to celebrate the 75th anniversary of the National Baseball Hall of Fame.

London Bullion Prices

London bullion prices were split Tuesday. From the Tuesday PM to Monday PM London Fix prices:

  • Gold added $2, or 0.1%, to $1,722 an ounce,
  • Silver declined 33 cents, or 1%, to $33.51 an ounce,
  • Palladium fell $16, or 2.3%, to $686 an ounce, and
  • Platinum declined $35, or 2.1%, to $1,628 an ounce

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

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