Gold and silver futures each started the new trading week with 0.9% gains. Gold’s advance was a second in a row, after falling for two straight, with prices ending at an almost 10-week high.
Gold for February delivery tacked on $10.70 to finish at $1,215.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Nov. 17.
“The story is one of a weaker dollar and political uncertainty,” Reuters quoted Danske Bank analyst Jens Pedersen.
Gold futures ranged from a low of $1,209 to a high of $1,219.40. They gained 0.7% last week, for their fourth straight weekly advance.
Ending higher for the fourth time in five sessions, silver for March delivery rose 15.4 cents to $17.186 an ounce. Silver futures traded between $17.07 and $17.29. Riding three straight weeks of increases, they drove ahead last week by 1.6%.
In other precious metals futures dealings:
April platinum settled up $3.90, or 0.4%, to $979.90 an ounce, ranging from $976.80 to $988.50.
- Palladium for March delivery dropped $16.90, or 2.1%, to $771.50 an ounce, trading between $770.10 and $797.50.
Last week, platinum declined 1.1% and palladium rallied 5.2%.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Friday PM to Monday PM:
- Gold added $12.30, or 1%, to $1,212.85 an ounce.
- Silver added 25 cents, or 1.5%, to $17.14 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
Last week, platinum fell 0.8% and the other metal prices climbed by 0.9% for gold, 0.8% for silver and 2% for palladium.
US Mint Bullion Coin Sales in 2017
The United States Mint did not update bullion sales figures as of 5:22 p.m. ET. An increase is expected for American Platinum Eagles, minimally, since the new 2017-dated edition launched earlier in the day.
Update: The table of sales below was edited Jan. 24 to include updated figures for Monday.
Below is a sales breakdown of U.S. bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Monday Sales||Last Week||Dec Sales||Jan Sales|
|$100 American Eagle 1 Oz Platinum Coin||13,300||–||–||13,300|
|$50 American Eagle 1 Oz Gold Coin||4,000||14,500||23,000||74,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||3,000||18,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||4,000||2,000||34,000|
|$5 American Eagle 1/10 Oz Gold Coin||15,000||10,000||40,000||110,000|
|$50 American Buffalo 1 Oz Gold Coin||1,500||2,000||12,500||28,000|
|$1 American Eagle 1 Oz Silver Coin||150,000||825,000||240,000||4,722,500|
|2016 Shawnee 5 Oz Silver Coins*||–|
|2016 Cumberland Gap 5 Oz Silver Coin*||–|
|2016 Harpers Ferry 5 Oz Silver Coin||0||0||100||0|
|2016 Theodore Roosevelt 5 Oz Silver Coin*||–||800||–|
|2016 Fort Moultrie 5 Oz Silver Coin||0||0||0||0|