Gold Prices Nearly Flat, US Bullion Silver Eagle Coins Pass 10M

by Bullion Prices Staff on March 27, 2012

U.S. gold prices were nearly unchanged Tuesday, dipping less than 0.1% after two consecutive days of gains. A stronger U.S. dollar and profit taking were among factors analysts provided for the loss. April gold prices declined 70 cents to settle at $1,684.90 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices reached as high as $1,696.90 an ounce.

"The dollar’s strength is keeping gold quiet," Dennis Cajigas, a senior market strategist at Zaner Group in Chicago, said in a telephone interview that was cited on Bloomberg. "We are seeing some profit- taking."

In other New York futures prices, May silver fell 13.4 cents, or 0.4%, to $32.62 an ounce, June palladium lost $5.75, or 0.9%, to $663.00 an ounce, but April platinum gained $10.80, or 0.7%, to $1,657.50 an ounce.

United States Mint Bullion Sales

United Sates Mint gold bullion coins have been silent for two straight days after all but one advanced Friday. That is not the case for silver bullion coins. The 5 oz. America the Beautiful Silver Bullion Coins added 400 on Monday, rising for the first time since March 12. And the bullion Silver Eagle is up for two days in a row with 250,000 on Monday and 25,000 on Tuesday. More impressively sales of the Silver Eagle have passed the 10 million mark for the year.

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 Mar 2012 Sales
1 oz American Eagle Gold Coins 0 0 39,500 144,000
1/2 oz American Eagle Gold Coins 0 0 2,000 51,000
1/4 oz American Eagle Gold Coins 0 0 0 40,000
1/10 oz American Eagle Gold Coins 0 0 30,000 120,000
1 oz American Buffalo Gold Coins 0 0 23,000 43,500
5 oz America the Beautiful Silver Coins 400 0 1,800 7,800
1 oz American Silver Eagle 250,000 25,000 2,412,000 10,009,000

 

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 26, 2012. All other bullion sales have an "as of date" of Tuesday, March 27, 2012, as published on the Mint website.

In other United States Mint news of the day, it is likely that the price on the 2011-W Proof American Platinum Eagle will be reduced $100 to $1,892 around noon ET on Wednesday. The change is expected as a result of lower platinum prices during the last several days.

In world coin news, the Austrian Mint has released a unique silver and niobium coin which features a bionics theme. The coin is the 10th of its type with each offering a different color core of niobium.

London Bullion Prices

Unlike New York futures, London bullion prices climbed in tandem. The following grid offers London PM Fix daily prices through this week and gains over the most recent two-days.

London Fixings (PM)
  Mon Tue Daily Gain
($/%)
Silver Prices $32.23 $33.01 $0.78
2.4%
Gold Prices $1,680.25 $1,692.00 $11.75
0.7%
Platinum Prices $1,639.00 $1,662.00 $23.00
1.4%
Palladium Prices $664.00 $667.00 $3.00
0.5%

 

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

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