Gold Prices Nearly Unchanged, US Bullion Coin Sales Rise

by Bullion Prices Staff on April 11, 2012

U.S. gold prices dipped ever-so slightly Wednesday. Each of the major precious metals, in fact, ended just a bit away from their closings on the previous day. On the Comex division of the New York Mercantile Exchange, June gold prices lost a mere 40 cents to settle at $1,660.30 an ounce. That did break a three-session winning streak, however. During the day, gold reached low and high prices of $1,653.50 an ounce and $1,663.90, respectively.

"Gold really struggled for direction and searched for headlines," MarketWatch quoted Matt Zeman, a senior market strategist with Kingsview Financial in Chicago. But it did not benefit from a flight-to-safety trade and is likely to track moves in equities and currencies, he added. "There’s just no catalyst to drive gold prices considerably higher."

In other New York futures prices, May silver futures fell 15.8 cents, or 0.5%, to $31.52 an ounce, June palladium futures declined 25 cents to $636.60 an ounce and July platinum futures lost $9.40, or 0.6%, to $1,584.30 an ounce.

United States Mint Bullion Coin Sales

While American bullion coin sales levels remained unchanged Tuesday, each of the U.S. Mint’s 1 oz. bullion products climbed Wednesday. The most recent bullion coin totals are offered in the daily, monthly and 2012 sales columns below.

United States Mint 2012 Bullion Coin Sales
  Mon Tue Wed April 2012 Sales
1 oz American Eagle Gold Coin 500 0 6,000 10,000 172,000
1/2 oz American Eagle Gold Coin 0 0 0 0 51,000
1/4 oz American Eagle Gold Coin 0 0 0 0 40,000
1/10 oz American Eagle Gold Coin 0 0 0 5,000 135,000
1 oz American Buffalo Gold Coin 1,000 0 3,000 7,000 53,500
5 oz America the Beautiful Silver Coins 200 0   200 8,000
1 oz American Silver Eagle 240,000 0 177,000 737,000 10,876,000

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 Wednesday, April 11, 2012, as published on the Mint website.

For United States Mint weekly product sales, check the following two articles:

Both articles provide weekly sales reviews of bullion and numismatic products from the United States Mint. The first offers more sweeping results while the second focuses solely on silver coins and silver sets.

London Bullion Prices

Like later closings in New York precious metals futures, London bullion prices were mixed with mostly modest changes. The following grid offers London PM Fix daily prices through this week with gains and losses over the most recent two-days.

London Fixings (PM)
  Mon Tue Wed Daily Gain
Silver Prices N/A $31.55 $31.70 $0.15
Gold Prices N/A $1,644.00 $1,658.00 $14.00
Platinum Prices N/A $1,605.00 $1,590.00 -$15.00
Palladium Prices N/A $639.00 $637.00 -$2.00


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

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