Today’s AM LBMA Gold Price was USD 1,204.60, €1,131.19 and £811.40 per ounce.
Yesterday’s AM LBMA Gold Price was USD 1,189.85, €1,123.56 and £808.58 per ounce.
In Singapore gold prices climbed 0.3% to $1,204.76/oz near the end of day trading.
Gold continues upward for its second session and has risen above $1,200/oz to near $1,209/oz after weak U.S. producer data and a soft U.S. dollar. U.S. economic data out yesterday saw a drop for industrial output in March with its largest fall in two and a half years.
FOMC members Dennis Lockhart and Stanley Fischer are scheduled to speak this evening. Expect more mixed messages from the Federal Reserve.
With half of the month gone, sales of gold American Eagle bullion coins by the U.S. Mint are on track to fall well short of both last April’s total, and the final figure for March according to Reuters. This month the Mint has sold just 10,000 ounces of gold Eagles, versus 46,500 ounces in March and 38,500 ounces in April 2014. Some 1.4185 million ounces of silver American Eagles have been sold, meanwhile, against 3.569 million ounces last April and 3.519 million ounces last month.
In late morning European trading gold is at $1,209.40/oz or up 0.6%. Silver is at $16.56/oz or up 1%, while platinum is also up 0.34% at $1,167.89/oz .