Gold, Silver Prices Higher; Bullion Eagles Advance

by Bullion Prices Staff on September 13, 2011

Gold prices closed 0.9% higher Tuesday after having fallen 2.5% in the previous session. The December futures contract added $16.80 to $1,830.10 an ounce on the Comex division of the New York Mercantile Exchange, trading between $1,794.80 an ounce and $1,838.90 an ounce.

"The debt crisis of euro-zone peripherals remains the dominant issue," Daniel Briesemann, an analyst at Commerzbank AG in Frankfurt, said in a report relayed on Bloomberg. "Gold should remain in demand as a safe haven."

In other New York futures bullion prices, December silver added 97.6 cents, or 2.4%, to $41.19 an ounce, December palladium added $17.15, or 2.4%, to $728.50 an ounce and October platinum added $4.10, or 0.2%, to $1,813.50 an ounce.

London Bullion Prices

As compared to New York futures, earlier fixed London bullion prices were mostly lower. PM fixing prices included the following daily changes:

  • Gold declined $14, or 0.8% at $1,820 an ounce
  • Silver declined 79 cents, or 1.9%, at $40.02 an ounce
  • Palladium declined $2, or 0.3%, at $721 an ounce
  • Platinum added $5, or 0.3%, at $1,815 an ounce

Sales and News on United States Mint Bullion Coins

Bullion coin gains on Tuesday were limited to the United States Mint’s two most popular bullion products, the 1 oz. American Gold Eagle ad the 1 oz. American Silver Eagle. The former advanced 1,000 while the later improved 200,000. A similar push would drive 2011 Silver Eagle sales to over 30 million.

In United States Mint news of the day, the agency is again selling silver sets. Two of its sets were suspended on September 2 when silver jumped over $43 an ounce. The sets returned on sale Monday at their same pre-suspension prices.

The latest United States Mint bullion sales are provided below in the daily, September 2011 and YTD 2011 columns.

United States Mint 2011 Bullion Coin Sales
1 oz American Gold Buffalo 0 4,000 123,500
1 oz American Gold Eagle 1,000 18,500 691,000
1/2 oz American Gold Eagle 0 0 61,000
1/4 oz American Gold Eagle 0 0 70,000
1/10 oz American Gold Eagle 0 5,000 325,000
5 oz America the Beautiful Silver not reported 300 381,200
1 oz American Silver Eagle Bullion Coin 200,000 901,000 29,852,000


Notes. Figures above are in coins, not ounces sold. The United States Mint last updated 5 oz. America the Beautiful Silver Bullion Coin sales on Monday, September 12, 2011. All other figures have an "as of date" of Tuesday, September 13, 2011.

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