Gold futures moved higher in their start to the new trading week on Monday, posting their fifth day of gains in six sessions.
Gold for December delivery edged up $2.40, or 0.2%, to settle at $1,344.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices ended the U.S. day session modestly higher Monday, supported by the key ‘outside markets’ on this day: the U.S. dollar index was weaker and crude oil prices were solidly higher," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "The marketplace is awaiting some big news events this week, which could provide some bigger price movement in several markets."
Gold futures ranged from a low of $1,336.50 to a high of $1,346.10. They advanced last week by 2.4%, their biggest weekly gain since the end of July.
Falling for a second session in a row after climbing for two straight, silver for December delivery declined 21.4 cents, or 1.1%, to settle at $19.596 an ounce. Silver futures traded from a low of $19.47 to a high of $19.83. They surged 5% last week.
Rounding out metals trading:
October platinum dropped $14.10, or 1.3%, to $1,042.90 an ounce, ranging from $1,038.10 to $1,057.80.
- Palladium for December delivery settled down $10.25, or 1.5%, to $696.15 an ounce, trading between $688 and $702.40.
In their dealings last week, platinum and palladium futures logged gains of 3.9% and 5.1%.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Friday PM to Monday PM:
- Gold added $1.85, or 0.1%, to $1,340.50 an ounce.
- Silver fell 38 cents, or 1.9%, to $19.44 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
Last week, they registered gains of 2.3% for gold, 4.8% for silver, 4.2% for platinum and 6.3% for palladium.
US Mint Bullion Coin Sales in 2016
U.S. Mint bullion sales were unchanged Monday as of 3:34 p.m. Eastern Time. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold during varying periods Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Monday Sales||Last Week||Aug Sales||Sept Sales||2016 Sales|
|$100 American Eagle 1 Oz Platinum Coins*||0||0||1,000||0||20,000|
|$50 American Eagle 1 Oz Gold Coins||0||17,000||50,000||55,000||541,000|
|$25 American Eagle 1/2 Oz Gold Coins||0||0||3,000||4,000||55,000|
|$10 American Eagle 1/4 Oz Gold Coins||0||0||4,000||10,000||110,000|
|$5 American Eagle 1/10 Oz Gold Coins||0||15,000||60,000||65,000||680,000|
|$50 American Buffalo 1 Oz Gold Coins||0||5,500||9,000||13,000||144,500|
|$1 American Eagle 1 Oz Silver Coins||0||255,000||1,280,000||1,305,000||30,205,500|
|2016 Shawnee 5 Oz Silver Coins*||0||0||0||0||105,000|
|2016 Cumberland Gap 5 Oz Silver Coins*||0||0||0||0||75,000|
|2016 Harpers Ferry 5 Oz Silver Coins||0||200||1,900||200||36,300|
|2016 Theodore Roosevelt 5 Oz Silver Coins||0||0||27,500||2,500||30,000|