Gold Logs Fourth Straight Gain to End at More Than Five-Week High

by CoinNews.net on March 26, 2018 · 4 comments

closeup of gold bullion

Gold futures climbed 0.4% on Monday, March 26

Three of four major precious metals futures advanced on Monday. Gold climbed for a fourth straight session and ended at a more than five-week high.

Gold for April delivery rose $5.10, or 0.4%, to settle at $1,355 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the strongest since Feb. 16 when gold prices finished at $1,356.20 an ounce. The yellow metal gained supported, opined analysts, after the U.S. said it would expel 60 Russian diplomats.

"I would attribute the rise in gold in the afternoon to the political developments," Reuters quoted Quantitative Commodity Research consultant Peter Fertig. "You could expect the Russians to retaliate."

Gold futures traded from a low of $1,343.40 to a high of $1,356.00. They surged 2.9% last week.

Elsewhere, silver for May delivery rose 10.2 cents, or 0.6%, to settle at $16.684 an ounce. Silver futures ranged from $16.52 to $16.80. They gained 1.9% last week.

In other metals futures on Monday:

  • April platinum added $2, or 0.2%, to $950.40 an ounce, trading between $947.50 and $985.

  • Palladium for June delivery lost $4.70, or 0.5%, to $966.85 an ounce, ranging from $965.50 to $980.50.

Last week, the two posted respective losses of 0.2% and 1.7%.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:

  • Gold declined $5.80, or 0.4%, to $1,352.40 an ounce.
  • Silver fell 8 cents, or 0.5%, to $16.61 an ounce.

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

Last week in LBMA metal prices, palladium slipped 0.1% while the others logged gains of 2.8% for gold, 0.3% for silver, and 0.4% for platinum.

US Mint Bullion Sales in 2018

U.S. Mint bullion sales advanced on Monday by a combined 335,000 ounces in silver coins with splits of 285,000 ounces in ounces in American Silver Eagles and 50,000 ounces in Pictured Rocks Five Ounce Silver Bullion Coins.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Monday Last Week February March 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 20,000 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 0 5,000 2,500 43,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 5,000 10,000 95,000
$50 American Buffalo 1 Oz Gold Coin 0 0 2,500 1,000 27,500
$1 American Eagle 1 Oz Silver Coin 285,000 195,000 942,500 915,000 5,092,500
Pictured Rocks 5 Oz Silver Coin 10,000 0 20,000 10,000 30,000

4
Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
2 Comment threads
2 Thread replies
2 Followers
 
Most reacted comment
Hottest comment thread
3 Comment authors
Seth+RieslingOld+CollectorMouse Recent comment authors
  Subscribe  
Notify of
Mouse
Guest
Mouse

Cold war tactics are gonna bring some new and needed security to precious metals. Hope silver continues to climb, have some 100oz bars I want to dump for some more graded 2008 – Buffalo’s.

Mouse

Old+Collector
Guest
Old+Collector

HEADLINE: North Korea Nukes Fort Knox – Gold Goes Thru The Roof!

Old+Collector
Guest
Old+Collector

I don’t think the problem here is that coin collectors don’t have a sense of humor. As we are all well aware there is an abundance of original, intentionally funny material on this very site. I think instead it is the need of some people who lack a sense of humor to disapprove of any attempt at jocularity.
P.S. – Definition of a puritan: Someone who is deathly afraid that somewhere out there someone else might just be having fun.

Old Collector

Seth+Riesling
Guest
Seth+Riesling

Mike Unser –

I didn’t receive any e-mail notifications today about your new articles posted today. Is something wrong with the WordPress system again? Thanks!

-NumisdudeTX