Gold and Silver Log Third Straight Monthly Losses in April; US Mint Gold Eagle Sales Slip

Gold costs slipped zero.three% in April

Valuable metals futures closed principally greater on Tuesday and so they divided on the month. Gold and silver posted losses in April, extending their month-to-month declines to a few in a row.

Gold for June supply rose $four.20, or zero.three%, to settle at $1,285.70 an oz. on the Comex division of the New York Mercantile Trade.

“We proceed to anticipate gold costs to consolidate decrease, to common $1,285 per ounce in second quarter earlier than recovering to common $1,325 per ounce within the fourth quarter, regardless of the market as soon as once more pricing in a rising likelihood of a Fed price lower this 12 months,” analysts at Commonplace Chartered wrote in a notice reported by Reuters.

Gold futures ranged from a low of $1,281.50 to a excessive of $1,288.20. They fell 1% in April after sliding 1.three% in March. The dear metallic is zero.three% greater on the 12 months up to now.

Silver for July supply tacked on 5.1 cents, or zero.three%, to settle at $14.984 an oz.. Silver futures traded between $14.83 and $15.04. They declined zero.eight% in April after dropping three.four% in March. Costs are three.6% decrease on the 12 months.

In different valuable metals futures costs on Tuesday and in April:

July platinum declined $9.60, or 1.1%, to $891.70 an oz., however rallied four.four% on the month.

Palladium for June supply bounced $20.70, or 1.5%, to $1,382.70 an oz., for a three.1% month-to-month improve.

Each are greater on the 12 months thus far with will increase of 11.four% for platinum and 15.5% for palladium.

London Valuable Metals Costs

London valuable metals costs have been blended for each Tuesday and the month. In evaluating their ranges from Monday PM to Tuesday PM:

Gold rose $2.80, or zero.2%, to $1,282.30 an oz..
Silver added 1.5 cent, or zero.1%, to $14.985 an oz..
Platinum declined $7, or zero.eight%, to $889 an oz..
Palladium fell $71, or four.9%, to $1,366 an oz..

In LBMA outcomes for April, platinum rose four.6% whereas the others logged losses reaching 1% for gold, zero.eight% for silver, and 1.7% for palladium.

US Mint 2019 Bullion Gross sales

United States Mint gross sales of American Eagle and Buffalo bullion cash principally improved from March and so they remained stronger on the 12 months in comparison with final 12 months. In headline comparisons:

American Eagle gold cash reached eight,500 ounces, falling 26.1% from the 11,500 ounces bought in March however leaping 88.9% from the four,500 ounces delivered in April 2018. 2019 American Gold Eagle gross sales at 101,000 ounces are 40.three% greater than the 72,000 ounces delivered in the course of the first 4 months of final 12 months.

American Eagle silver cash climbed by 1,196,000 ounces, marking positive aspects of 40.7% from March’s 850,000 ounces and 30.7% from the April 2018 whole of 915,000 ounces. 2019 American Silver Eagle gross sales at eight,121,000 cash are 35.2% greater than the 6,007,500 cash bought by way of the identical time in 2018.

American Buffalo gold cash reached 6,500, registering will increase of 18.2% from the 5,500 cash moved in March and 225% from the two,000 cash bought in April 2018. Yr-to-date gross sales at 41,500 ounces are 40.7% greater than the 29,500 ounces bought in the course of the January to April interval of final 12 months.

American Platinum Eagles superior by 6,500 cash, rising 62.5% from the four,000 cash bought in March. No Platinum Eagles bought in April 2018. Gross sales for the 12 months thus far at 40,000 cash have doubled the quantity moved within the first 4 months of final 12 months.

America the Lovely 5 Ounce Silver Bullion Cash have been muted after positive aspects of 80,000 cash in March and 30,000 cash in April of final 12 months. 2019 gross sales at 80,000 cash are greater than the 60,000 cash bought by way of the identical interval final 12 months.

Under is a gross sales breakdown of U.S. Mint bullion merchandise with columns itemizing the variety of cash bought throughout various durations.

US Mint Bullion Gross sales (# of cash)

Tuesday / This Week
Final Week
February
March
April
2019 Gross sales

$100 American Eagle 1 OzPlatinum Coin
2,600
1,800
2,400
four,000
6,500
40,000

$50 American Eagle 1 OzGold Coin
1,000
2,500
11,000
eight,500
6,500
70,500

$25 American Eagle 1/2 OzGold Coin
zero
zero
1,000
1,000
1,000
19,000

$10 American Eagle 1/four OzGold Coin
zero
zero
zero
four,000
2,000
26,000

$5 American Eagle 1/10 OzGold Coin
zero
zero
15,000
15,000
10,000
145,000

$50 American Buffalo 1 OzGold Coin
1,500
500
6,000
5,500
6,500
41,500

$1 American Eagle 1 OzSilver Coin
646,000
zero
2,057,500
850,000
1,196,000
eight,121,000

Lowell 5 OzSilver Coin
zero
zero
N/A
80,000
zero
80,000

 

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