Precious Metals Advance Wed., Jan. 9

by CoinNews.net on January 9, 2019 · 0 comments

Gold bullion and gold coins

Gains in precious metals futures ranged from 0.1% for silver to 0.6% for palladium

Precious metals futures climbed together for the first time in a week. The biggest winner on the day was palladium, registering its fourth straight record settlement.

Gold for February delivery rose $6.10, or 0.5%, to settle at $1,292 an ounce on the Comex division of the New York Mercantile Exchange.

"The safe-haven metal erased modest overnight losses as the U.S. dollar index resumed its recent downtrend and fell to a 2.5-month low," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A surging crude oil market also supported the metals market bulls today. Gains in the precious metals were limited today as global equity markets are still in rally mode."

Gold futures ranged from a low of $1,280.90 to a high of $1,294.50. They declined 0.3% on Tuesday and rose 0.3% on Monday. Last Thursday, they finished at $1,294.80 an ounce for their best settlement since June. 14.

Ending higher for the first time in four sessions, silver for March delivery added 2.2 cents, or 0.1%, to end at $15.735 an ounce. Silver futures traded between $15.63 and $15.83. They lost 0.3% on Tuesday and slipped 0.2% on Monday. Last Thursday, the metal registered its best settlement — at $15.797 an ounce — since July 16.

In PGM futures on Wednesday:

  • April platinum gained $3.50, or 0.4%, to $825.30 an ounce, ranging from $822.60 to $829.30.

  • Palladium for March delivery rose $8, or 0.6%, to $1,269.40 an ounce — another new record close. Palladium prices traded between $1,264.60 and $1,283.80.

London Precious Metals Prices

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

  • Gold rose $2.15, or 0.2%, to $1,288.60 an ounce.
  • Silver declined 2 cents, or 0.1%, to $15.62 an ounce.

US Mint Bullion Sales in 2019

United States Mint bullion sales rose by a combined 2,650 ounces in American Eagle and Buffalo gold coins; 125,000 ounces in American Silver Eagles; and 1,800 ounces in American Platinum 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)
Wednesday Last Week December 2018 Sales This Week / 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 1,800 0 0 30,000 21,000
$50 American Eagle 1 Oz Gold Coin 1,000 0 3,000 191,000 31,000
$25 American Eagle 1/2 Oz Gold Coin 1,000 0 0 32,000 13,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 62,000 16,000
$5 American Eagle 1/10 Oz Gold Coin 1,500 0 0 230,000 46,500
$50 American Buffalo 1 Oz Gold Coin 1,000 0 1,500 121,500 18,000
$1 American Eagle 1 Oz Silver Coin 125,000 100,000 490,000 15,700,000 2,796,000

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of