While gold Eagle sales surged with the new gold bull, silver Eagle sales fell despite silver following gold higher. American investors' gold coin demand as evidenced by new Eagle sales grew last year, bucking the world trend of weakening bar and coin demand. Thus, the rise of gold ETFs led by GLD has certainly cannibalized classic gold coin demand. American Eagle gold bullion coin sales ran 692.5k ounces in the first 9 months of 2016, which equates to just 21.5 metric tons. The bottom line is US Mint bullion coin sales were mixed in 2016.
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(Kitco News) - Gold prices are modestly lower on a mild corrective pullback from gains that pushed prices to a 2.5-month high Thursday. However, with a stronger ADP jobs report that was issued Wednesday, the more important Friday jobs number that was above expectations was not that big of a surprise. A better-than-expected U.S. jobs report did not impact the marketplace much. The other key "outside market" on Friday sees Nymex crude oil prices trading firmer. Also Friday, China's Caixin manufacturing purchasing managers' index (PMI) fell to 51.0 in January from 51.9 in December.
Gold alloy bars are seen at Altyntau gold mine extraction factory outside northern Kazakhstan's town of Kokshetau June 13, 2013. Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Shares (GLD), rose for a second day on Thursday by 1.5 tonnes to 811.22 tonnes. U.S. gold futures (GCv1) for April delivery settled up 0.1 percent at $1,220.80 per ounce. Graphic - 2017 asset returns: http://fingfx.thomsonreuters.com/gfx/rngs/COMMODITIES-ASSETS/010031B62XZ/index.htmlSpot gold (XAU=) was unchanged at $1,215.75 an ounce by 2:25 p.m. EST (1925 GMT), off an earlier low of $1,207.10. While U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, wages barely rose.
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Gold Sees Mild Downside Correction; Not Much Reaction To U.S. Jobs Report
(Kitco News) - Gold prices are modestly lower on a mild corrective pullback from gains that pushed prices to a 2.5-month high Thursday. However, with a stronger ADP jobs report that was issued Wednesday, the more important Friday jobs number that was above expectations was not that big of a surprise. A better-than-expected U.S. jobs report did not impact the marketplace much. The other key "outside market" on Friday sees Nymex crude oil prices trading firmer. Also Friday, China's Caixin manufacturing purchasing managers' index (PMI) fell to 51.0 in January from 51.9 in December.
Gold alloy bars are seen at Altyntau gold mine extraction factory outside northern Kazakhstan's town of Kokshetau June 13, 2013. Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Shares (GLD), rose for a second day on Thursday by 1.5 tonnes to 811.22 tonnes. U.S. gold futures (GCv1) for April delivery settled up 0.1 percent at $1,220.80 per ounce. Graphic - 2017 asset returns: http://fingfx.thomsonreuters.com/gfx/rngs/COMMODITIES-ASSETS/010031B62XZ/index.htmlSpot gold (XAU=) was unchanged at $1,215.75 an ounce by 2:25 p.m. EST (1925 GMT), off an earlier low of $1,207.10. While U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, wages barely rose.
read more visit us gold
collected by :Jack Luxor
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