Gold Prices Edge Up, Silver Gains, US Mint Bullion Coins Unchanged

by Bullion Prices Staff on March 21, 2012

U.S. gold prices on Wednesday rebounded slightly from Tuesday’s $20.30 loss. April gold futures climbed $3.30, or 0.2%, to settle at $1,650.30 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices traded from an intraday low of $1,646.30 an ounce to a high of $1,661.90 an ounce.

"Comex gold futures prices ended the U.S. day session modestly higher Wednesday, on a corrective, short-covering bounce from Tuesday’s selling pressure. Some tepid bargain hunting buying interest was also featured," writes Jim Wyckoff of Kitco News.

"Crude oil prices traded modestly higher, too, which was a slight positive for today’s price action in gold and silver," added Wyckoff.

As for silver, May silver futures prices added 39.3 cents, or 1.2%, to $32.23 an ounce. The white metal tumbled $1.21 during the previous session.

PGM metals diverged from silver and gold prices. June palladium futures prices declined $8.40, or 1.2%, to $688.65 an ounce while April platinum futures prices declined $13.90, or 0.8%, to $1,640.40 an ounce.

United States Mint Bullion Coins

No increases in bullion coins were published by the United States Mint Wednesday. The most recent bullion coin totals are offered in the daily, monthly and 2012 sales columns below.

Sales of United States Mint 2012 Bullion Coins
  Mon Tue Wed Mar 2012 Sales
1 oz American Eagle Gold 1,500 1,000 0 32,500 137,000
1/2 oz American Eagle Gold 0 0 0 0 49,000
1/4 oz American Eagle Gold 0 0 0 0 40,000
1/10 oz American Eagle Gold 5,000 5,000 0 25,000 115,000
1 oz American Buffalo Gold 0 0 0 18,500 39,000
5 oz America the Beautiful Silver Coins 900 0 0 1,400 7,400
1 oz American Eagle Silver 215,000 0 0 1,862,000 9,459,000

 

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, March 12, 2012. All other bullion sales have an “as of date” of Wednesday, March 21, 2012, as published on the Mint website.

In reports on United States Mint products and their weekly sales, check out the following two articles:

Both articles offer weekly sales of bullion and numismatic products from the United States Mint. The first offers more sweeping results while the second focuses solely on silver product performances.

London Bullion Prices

London bullion prices on Wednesday declined across the board and for a second consecutive day. The following grid offers this week’s London PM Fix daily prices and gains or losses over the most recent two-days.

London Fixings (PM)
  Mon Tue Wed Daily Gain
($/%)
Silver Prices $32.44 $32.22 $31.97 -$0.25
-0.8%
Gold Prices $1,661.50 $1,656.75 $1,649.25 -$7.50
-0.5%
Platinum Prices $1,673.00 $1,656.00 $1,640.00 -$16.00
-1.0%
Palladium Prices $702.00 $699.00 $690.00 -$9.00
-1.3%

 

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

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