Gold, Silver Prices Down Marginally, Gold Bullion American Eagle Sales Up

by Bullion Prices Staff on April 18, 2012

U.S. gold prices returned lower Wednesday as the U.S. dollar firmed. June gold prices declined $11.50 or 0.7%, to $1,639.60 an ounce on the Comex division of the New York Mercantile Exchange. Gold’s intraday ranges were $1,638.10 an ounce and $1,655.20 an ounce.

"Comex gold futures prices ended the U.S. day session lower Wednesday. The key ‘outside markets’ were in a bearish daily posture for the precious metals, as the U.S. dollar index was firmer and crude oil prices were lower," noted Jim Wyckoff of Kitco Metals.

"Also, with a lack of major, fresh fundamental news to drive the metals markets recently, trading has been mostly technical in nature, and the near-term technicals in the precious metals tilt toward the bears."

Silver prices tracked gold, down just a bit more in percentage terms. May futures silver prices edged down 18.7 cents, or 0.6%, to $31.49 an ounce.

In PGM prices, June palladium futures declined $4.70, or 0.7%, to $657.25 an ounce while July platinum futures dipped $5.50, or 0.3%, to $1,579.20 an ounce.

United States Mint Bullion Coin Sales

It was another near quiet day of sales for United States Mint bullion coins. Rising late was the 1 oz. American Gold Eagle, up 3,000 to 15,000 for the month. Sales of the Mint’s other bullion coins — most notably the American Silver Eagle — have been muted since Monday.

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 1,000 0 3,000 15,000 177,000
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 0 0 0 7,000 53,500
5 oz America the Beautiful Silver Coins 0 0 0 200 8,000
1 oz American Silver Eagle 100,000 0 0 880,000 11,019,000

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 18, 2012, as published on the Mint website.

For United States Mint weekly product sales information — both numismatic and bullion coins, read these two articles:

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

London Bullion Prices

While gold dipped Tuesday in London and other precious metals gained, silver took the single losing roll on Wednesday, albeit barely. The following grid offers London PM Fix daily prices through this week with gains and losses over the most recent two-days.

London Bullion Price Fixings (PM)
  Mon Tue Wed Daily Gain
Silver Prices $31.32 $31.64 $31.61 -$0.03
Gold Prices $1,653.00 $1,635.50 $1,644.00 $8.50
Platinum Prices $1,570.00 $1,574.00 $1,578.00 $4.00
Palladium Prices $645.00 $653.00 $657.00 $4.00


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

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