Precious Metals Little Changed Monday, Sept. 24

by CoinNews.net on September 24, 2018 · 0 comments

Three gold bars, five $1s and graphs

Gold climbed 0.3% on Monday, Sept. 24

Precious metals futures ended mixed Monday for a second straight session. Changes across the metals were modest, ranging from a less than 0.1% decline in platinum to a 0.6% increase in palladium. The latter posted a fresh, six-month high.

Gold for December delivery rose $3.10, or 0.3%, to settle at $1,204.40 an ounce on the Comex division of the New York Mercantile Exchange.

"I remain constructive on gold after we’ve seen it consolidate for the past month. The risk to the dollar is some additional weakness, but at this stage we have to maintain a neutral stance," Reuters quoted Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.

Gold futures ranged from a low of $1,198.60 to a high of $1,208.80. They edged up 20 cents last week.

Silver for December delivery declined 1.8 cents, or 0.1%, to close at $14.341 an ounce. Silver futures traded between $14.22 and $14.42. They moved up 1.5% last week, ending Friday at their best price since Aug. 31.

In other precious metals futures prices on Monday:

  • October platinum dipped 30 cents to $829.30 an ounce, ranging from $823.20 to $835.40.

  • Palladium for December delivery increased $6.70 to $1,051.60 an ounce — its best settlement since Feb. 26. The precious metal traded between $1,034.70 and $1,052.80.

The pair last week logged respective gains of 3.9% and 7.7%.

London Precious Metals Prices

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

  • Gold added $4.05, or 0.3%, to 1,202.75 an ounce.
  • Silver lost 1.5 cents, 0.1%, to $14.315 an ounce.

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

In LBMA results last week, prices for gold declined 0.3% while those for others registered increases of 0.8% for silver, 3% for platinum, and 5.9% for palladium.

US Mint Bullion Sales in 2018

United States Mint bullion products increased by 1,000 ounces in American Gold Eagles and by 75,000 ounces in American Silver Eagles.

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 August September 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 30,000
$50 American Eagle 1 Oz Gold Coin 1,000 1,500 17,500 12,000 148,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 4,000 1,000 23,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 4,000 4,000 58,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 10,000 40,000 200,000
$50 American Buffalo 1 Oz Gold Coin 0 0 20,000 6,500 104,500
$1 American Eagle 1 Oz Silver Coin 75,000 925,000 1,530,000 2,037,500 11,275,000
Pictured Rocks 5 Oz Silver Coin 0 0 0 0 30,000
Apostle Islands 5 Oz Silver Coin 0 0 0 0 30,000
Voyageurs 5 Oz Silver Coin 0 0 0 0 30,000
Cumberland Island 5 Oz Silver Coin 0 1,500 N/A 52,500 52,500

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of