Gold, Silver and Palladium Rise Thursday, Jan. 3

by CoinNews.net on January 3, 2019 · 0 comments

One gold bullion bar and graph

Gold futures gained 0.8% on Thursday, Jan. 3

Most precious metals advanced Thursday, Jan. 3. Platinum was the exception, slipping 0.6%. Once again, silver and gold posted fresh multi-month high settlements — more than five months for silver and nearly seven months for gold.

Gold for February delivery added $10.70, or 0.8%, to close at $1,294.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since June 14 when gold ended at $1,308.30 an ounce.

"Obviously, the concerning news from Apple sales in China has created an additional wave of equity market selling, and that in turn has continued to pump money towards gold," analysts at Zaner Precious Metals wrote in a daily report, according to MarketWatch.

Gold futures ranged from a low of $1,286.40 to a high of $1,296.90. They rose 0.2% on Wednesday and dipped 0.1% on Monday.

Ending higher for a seventh straight session, silver for March delivery rose 14.8 cents, or 1%, to end at $15.797 an ounce. The settlement was the highest since the precious metal ended at $15.812 an ounce on July 16. Silver futures traded between $15.55 and $15.82. They advanced 0.7% on Wednesday and rose 0.7% on Monday.

In other precious metals futures prices Thursday:

  • April platinum declined $4.70 to $799.30 an ounce, ranging from $795.30 to $804.

  • Palladium for March delivery added $1.50, or 0.1%, to $1,200.30 an ounce, trading between $1,192.90 and $1,204. On Dec. 19, the metal ended at a record $1,201.30 an ounce.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:

  • Gold added $7.55, or 0.6%, to $1,290.45 an ounce.
  • Silver rose 9.5 cents, or 0.6%, to $15.535 an ounce.

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

US Mint Bullion Sales

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 / 2019 Last Week This Week December 2018 Sales
$100 American Eagle 1 Oz Platinum Coin* 0 0 0 0 30,000
$50 American Eagle 1 Oz Gold Coin 0 1,000 0 3,000 191,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 32,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 62,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 0 230,000
$50 American Buffalo 1 Oz Gold Coin 0 0 0 1,500 121,500
$1 American Eagle 1 Oz Silver Coin 0 40,000 100,000 490,000 15,700,000
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 0 0 80,000

 

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