Braving a loss that exceeded $20 this Friday, the prospects of Buying Gold was elevated as gold marched ahead by 1.8% this week as of April 15, 2012. This could prove to be useful information for those buying gold coins for preserving wealth purposes, in the given week. Gold witnessed a decline on Friday, along with American stocks and commodities. This was on account of a slackening in China’s growth pace and the resurfacing worries about the euro debt crises, which again was a repercussion of escalating costs for insuring the Spanish debt. In this backdrop, the American dollar strengthened and the prices of precious metals lost grip. According to prominent analysts like Bob Sorensen of Charles Schwab, everyone is in the quest for global growth in the prevailing circumstances. However, with China slowing down and the rise in European yields, there are lingering doubts as to how strong the global growth trends are expected to be.

The prices for June delivery of gold have declined by $20.40 or by 1.2% to close at a level of $1,660.20 on the Comex in NYC. The prices traded from $1,649.70 at the lowest mark to $1,679.20 at the highest. This loss took away a massive chunk of the weekly gain registered by gold, which was close to $30.10. However, a recent survey has gone on to show that the prices of gold are expected to scale newer heights in the coming week as compared to the prices registered last week.

According to a News Gold Survey in which 21 members participated, 12 expected that prices would go up by next week. Those who have cited an increase in the prices of gold as a possibility are also anticipating that the monetary policies of the Federal Reserve will loosen up. Those who anticipate a retreat, cite the inability of gold to probe through chart resistance above $1,680 and the recent strengthening of the US dollar as reasons. Gold has emerged as the third best performer of the year in precious metals with platinum being the best and silver the second. The prices of gold have been up $93.40 that is an increase of 6% in 2012, in comparison to last year.

Sales Proceeds of US Mint Coins

Although the sales trends of American bullion have been reported to be strong during the course of this week, however, they were not exactly in their best forms. The American Gold Eagle of one ounce value was a gainer on Friday, registering an advance of 1,000. The Gold Eagle registered a weekly pick of $7,500 bringing it to a total of 11,000, which is indeed quite a distance from the half of 57,500 that was delivered by the US mint during the previous month.

The sales of the American Gold Buffalo also registered an improvement of 4000 from 3000. However, sales in April are looking more on the bleaker side at 7,000. US Mint buyers had ordered 26,000 in the month of March. American Silver Eagles registered an advance of 460,000 as opposed to the 320,000 in the week gone by. At this point in time, the monthly sales figure registered against its name is 780,000, which is lesser than the total of March’s run, which stood at 2,542,000.

The YTD figures of 2012 for the 1 ounce American Gold Eagles is the best at 173,000, followed by the 1/10 ounce American Gold Eagles at 135,000, American Gold Buffalo at 53,500, ½ ounce American Gold Eagles at 51,000 and ¼ ounce American Gold Eagles at 40,000.

Gold coins enthusiasts could refer to these trends for deciding when and which US mint gold coins to purchase when buying gold.