Gold Rises 0.4%, Silver Climbs 0.5%

by CoinNews.net on October 20, 2015 · 0 comments

Three 250g fine gold bars

Gold, silver and other metals advanced Tuesday

Precious metals closed higher Tuesday, with gold and silver gaining for the first time in three sessions.

Gold for December delivery added $4.70, or 0.4%, to settle at $1,177.50 an ounce on the Comex division of the New York Mercantile Exchange.

"After jumping around $90 since the beginning of the month to trade at a near four-month high above $1,190, gold has slipped to trade towards $1,170 as traders take profit on the metal," MarketWatch quoted Jameel Ahmad, chief market analyst at FXTM. Gold has gained about 5.5% in October, according to FactSet.

Gold prices traded from a low of $1,167.20 to a high of $1,177.50. Prices fell 0.9% on Monday.

Elsewhere, silver for December delivery gained 8 cents, or 0.5%, to close at $15.92 an ounce. Silver prices ranged from $15.76 to $15.97. They fell 1.7% in the prior session.

In PGM futures on Tuesday:

  • January platinum rose $5.50, or 0.5%, to $1,020.10 an ounce, trading between $1,006.80 and $1,024.90.

  • Palladium for December delivery tacked on $6.75, or 1%, to $694.85 an ounce, ranging from $681.25 to $700.

London Precious Metals Prices

Earlier fixed London gold and silver prices changed modestly or not at all. In comparing their prices from Monday PM to Tuesday PM:

  • Gold edged up $2.35, 0.2%, to $1,177.75 an ounce.
  • Silver was unchanged at $15.86 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

US Mint Bullion Coin Sales in October

United States Mint bullion sales were unchanged. Below is a listing of United States Mint bullion products with the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Tuesday Sales Last Week This Week Sept Sales Oct Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 0 6,500 1,500 98,500 21,500 541,500
$25 American Eagle 1/2 Oz Gold Coins 0 0 0 9,000 2,000 65,000
$10 American Eagle 1/4 Oz Gold Coins 0 0 0 20,000 4,000 146,000
$5 American Eagle 1/10 Oz Gold Coins 0 15,000 5,000 175,000 40,000 870,000
$50 American Buffalo 1 Oz Gold Coins 0 1,500 1,000 22,000 9,500 180,000
$1 American Eagle 1 Oz Silver Coins 0 930,000 699,500 3,804,500 2,704,500 38,759,000
2015 Homestead 5 Oz Silver Coins* 35,000
2015 Kisatchie 5 Oz Silver Coins* 42,000
2015 Blue Ridge Parkway 5 Oz Silver Coins* 45,000
2015 Bombay Hook 5 Oz Silver Coins* 45,000 45,000

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