Gold, Silver and Platinum Decline Monday, Nov. 5; Palladium Nears Record

by CoinNews.net on November 5, 2018 · 0 comments

Gold Bullion Bars

Gold futures shed 0.08% Monday, Nov. 5

Most precious metals declined Monday. Palladium was the exception, surging 1.6% to close just shy from its all-time record.

Gold for December delivery edged down $1, or less than 0.1%, to finish at $1,232.30 an ounce on the Comex division of the New York Mercantile Exchange.

"The market is just quiet ahead of the (U.S.) mid-term elections and people are waiting to see how it is going to play out after tomorrow," Reuters quoted Bob Haberkorn, senior market strategist at RJO Futures.

Gold futures ranged from a low of $1,228.40 to a high of $1,236.80. They lost 0.2% last week, posting their first weekly decline in five weeks. On Thursday, they settled at their highest price since July 16. 

Silver for December delivery declined 10.9 cents, or 0.7%, to settle at $14.647 an ounce. Silver futures traded between $14.59 and $14.78. They rose 0.4% last week.

In other precious metals futures prices on Monday:

  • January platinum fell $6.30, or 0.7%, to $869.40 an ounce, ranging from $866 to $877.

  • Palladium for December delivery gained $17.10 to $1,121.60 an ounce — $1.20 from matching its record. Palladium futures traded between $1,097.60 and $1,124.40.

Both gained last week with platinum rising 5% and palladium climbing 1.7%.

London Precious Metals Prices

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

  • Gold rose 15 cents, or less than 0.1%, to 1,232.25 an ounce.
  • Silver declined 8.5 cents, or 0.6%, to $14.735 an ounce.

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

In LBMA results last week, gold dipped 0.1% while the other metal prices gained — 0.9% for silver, 5% for platinum and 1.9% for palladium.

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)
Monday / November 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 0 2,500 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 0 2,000 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 0 1,500 11,000 6,500 114,500
$1 American Eagle 1 Oz Silver Coin 0 75,000 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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