Gold, Silver and Palladium Advance or Third Straight Session

by CoinNews.net on December 27, 2018 · 0 comments

American Eagle silver coins, bullion gold bars, money

Settlements in gold and silver were their highest in several months

Aside from platinum, precious metals futures advanced Thursday. Gold, silver and palladium extended their winning streaks to three in a row. Gold and silver also finished at new multi-month highs.

Gold for February delivery tacked on $8.10, or 0.6%, to settle at $1,281.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the best since June 14 when gold ended at $1,308.30 an ounce.

"Gold prices are trading toward their six-month high as investors factor in all the risk despite the fact that we have seen a stellar rally in the equity markets yesterday," MarketWatch quoted Naeem Aslam, chief market analyst with Think Markets UK.

Gold futures ranged from a low of $1,269.10 to a high of $1,281.60. They edged up less than 0.1% on Wednesday and they rose 1.1% on Monday.

Meanwhile, silver for March delivery added 18.7 cents, or 1.2%, to settle at $15.31 an ounce. The settlement was the highest since silver ended at $15.462 an ounce on Aug. 9. Silver futures traded between $15 and $15.34. They surged 2% on Wednesday and they gained 0.8% on Monday.

In other precious metals futures prices Thursday:

  • April platinum declined $3.50, or 0.4%, to $801.40 an ounce, ranging from $790.10 to $807.10.

  • Palladium for March delivery advanced $8.60, or 0.7%, to $1,194.50 an ounce, trading between $1,181.50 and $1,198. A week ago Wednesday, Dec. 19, palladium ended at a record of $1,201.30 an ounce.

London Precious Metals Prices

London markets had been closed since Monday. In comparing earlier fixed London bullion prices from Monday to Thursday PM:

  • Gold rose $6.75, or 0.5%, to $1,268 an ounce.
  • Silver jumped 38 cents, or 2.6%, to $15.055 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)
Thursday / This Week Last Week November December 2018 Sales
$100 American Eagle 1 Oz Platinum Coin* 0 0 0 0 30,000
$50 American Eagle 1 Oz Gold Coin 0 0 16,000 2,000 190,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 4,000 0 32,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 0 62,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 20,000 0 230,000
$50 American Buffalo 1 Oz Gold Coin 0 0 5,500 1,500 121,500
$1 American Eagle 1 Oz Silver Coin 0 100,000 1,645,000 350,000 15,560,000
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 0 0 52,500
Block Island 5 Oz Silver Coin 0 0 80,000 0 80,000

 

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