Precious Metals End Divided Tuesday, Oct. 30

by CoinNews.net on October 30, 2018 · 0 comments

Gold Bullion Overshadowing Other Bars

Gold futures shed 0.2% on Tuesday, Oct. 30

Precious metals futures were divided Tuesday with silver and platinum higher and gold and palladium lower.

Gold for December delivery shed $2.30, or 0.2%, to settle at $1,225.30 an ounce on the Comex division of the New York Mercantile Exchange. The close is the lowest since Monday, Oct. 22

Gold prices "have eased a tad as the ‘big’ dollar finds support on worries over slowing economic growth and fears the Sino-U.S. trade war could intensify again," MarketWatch quoted Dean Popplewell, vice president of market analysis at Oanda.

Gold futures ranged from a low of $1,221.40 to a high of $1,232.50. They fell 0.7% on Monday. They scored a more than three-month high one week ago.

Silver for December delivery rose 2 cents, or 0.1%, to settle at $14.462 an ounce. Silver futures traded between $14.37 and $14.53. They dropped 1.8% on Monday.

In other metals prices on Tuesday:

  • January platinum added $2.10, or 0.3%, to $839 an ounce, ranging from $834.60 to $843.40.

  • Palladium for December delivery fell $24.30, or 2.3%, to $1,055 an ounce, trading between $1,054.50 and $1,084.40. Last Tuesday, they ended at $1,122.80 an ounce to post an all-time record.

The two divided last week with platinum slipping 0.2% and palladium gaining 1.5%.

London Precious Metals Prices

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

  • Gold declined $5.40, or 0.4%, to 1,225.40 an ounce.
  • Silver fell 22.5 cents, or 1.5%, to $14.425 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 rose by a combined 4,500 ounces in American Eagle and Buffalo gold coins 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)
Tuesday / This Week Last Week September October 2018 Sales
$100 American Eagle 1 Oz Platinum Coin* 0 0 0 0 30,000
$50 American Eagle 1 Oz Gold Coin 2,500 4,000 14,500 19,500 170,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 2,000 2,000 26,000
$10 American Eagle 1/4 Oz Gold Coin 2,000 0 4,000 2,000 60,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 40,000 10,000 210,000
$50 American Buffalo 1 Oz Gold Coin 1,500 0 11,000 6,500 114,500
$1 American Eagle 1 Oz Silver Coin 75,000 200,000 2,897,500 1,405,000 13,540,000
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 0 52,500 0 52,500

 

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