Palladium Scores Record, Gold Logs 14-Week High

by CoinNews.net on October 23, 2018 · 0 comments

Palladium

Palladium prices ended Oct 23 at a record

Precious metals futures advanced Tuesday with several milestones recorded. Palladium finished at an all-time high. Silver closed at a more than eight-week high. Gold logged an about fourteen-week high.

Gold for December delivery settled up $12.20, or 1%, to $1,236.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since gold ended at $1,239.70 an ounce on July 16.

"The yellow metal was boosted by safe-haven demand amid keener geopolitical uncertainty in the marketplace," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily report. "Gold prices did back off their daily highs as the U.S. stock indexes moved up from their daily lows."

Gold futures ranged from a low of $1,224.50 to a high of $1,243. They declined 0.3% on Monday.

Elsewhere, silver for December tacked on 20.6 cents, or 1.4%, to close at $14.793 an ounce. The settlement is the strongest since silver ended at $14.859 an ounce on Aug. 27. Silver futures traded between $14.54 and $14.84. They shed 0.4% on Monday.

In other precious metals prices on Tuesday:

  • January platinum gained $12.90, or 1.6%, to $835.40 an ounce, ranging from $820 to $838.20.

  • Palladium for December delivery advanced $15.10, or 1.4%, to $1,122.80 an ounce — an all-time record. Palladium prices traded between between $1,104.40 and $1,137.30.

London Precious Metals Prices

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

  • Gold gained $13.65, or 1.1%, to 1,235.95 an ounce.
  • Silver rose 8.5 cents, or 0.6%, to $14.715 an ounce.

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

US Mint Bullion Sales in 2018

United States Mint bullion sales were unchanged. 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)
Tuesday Last Week This Week September October 2018 Sales
$100 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 30,000
$50 American Eagle 1 Oz Gold Coin 0 2,500 4,000 14,500 17,000 168,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 2,000 2,000 26,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 4,000 0 58,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 40,000 10,000 210,000
$50 American Buffalo 1 Oz Gold Coin 0 2,500 0 11,000 5,000 113,000
$1 American Eagle 1 Oz Silver Coin 0 200,000 200,000 2,897,500 1,330,000 13,465,000
Pictured Rocks 5 Oz Silver Coin* 0 0 0 0 0 30,000
Apostle Islands 5 Oz Silver Coin* 0 0 0 0 0 30,000
Voyageurs 5 Oz Silver Coin* 0 0 0 0 0 30,000
Cumberland Island 5 Oz Silver Coin 0 0 0 52,500 0 52,500

 

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