Palladium Logs Seventh Straight Record, Gold and Silver Gain

by CoinNews.net on January 14, 2019 · 0 comments

999.9 Fine Gold Bullion

Gold futures climbed 0.1% on Monday, Jan. 14

Gold, silver and palladium futures advanced together for a second straight session Monday, while platinum stretched is losing streak to two in a row. In yet another milestone, palladium posted its seventh consecutive record settlement.

Gold for February delivery rose $1.80, or 0.1%, to settle at $1,291.30 an ounce on the Comex division of the New York Mercantile Exchange.

"The gold trade is continuing to become more fashionable as investors’ appetites grow. Indeed, the climb in geopolitical concerns are behind what is now developing to be a new bull run," MarketWatch quoted Peter Cardillo, chief market economist at Spartan Capital Securities. "We continue to look for higher prices and think a breakout above $1300 is around the corner."

Gold futures ranged from a low of $1,287.70 to a high of $1,296.60. They edged up 0.3% last week.

Elsewhere, silver for March delivery added 3 cents, or 0.2%, to close at $15.686 an ounce. Silver futures traded between $15.85 and $15.70. They declined 0.8% last week.

In other precious metals futures prices Monday:

  • April platinum dropped $15.50, or 1.9%, to $802.50 an ounce, ranging from $801.50 to $816.70.

  • Palladium for March delivery added $3.30, or 0.3%, to $1,282 an ounce — another record settlement. Palladium traded between $1,273.30 and $1,297.30.

Last week, platinum declined 1.1% but palladium surged 3.6%.

London Precious Metals Prices

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

  • Gold rose $3.80, or 0.3%, to $1,292.75 an ounce.
  • Silver declined 6.5 cents, or 0.4%, to $15.615 an ounce.

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

In LBMA prices last week, silver inched down 0.2% while the others gained — 0.7% for gold, 2.8% for platinum, and 4.6% for palladium.

US Mint 2019 Bullion Sales

United States Mint bullion sales were unchanged as of 4:26 p.m. EST. 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 Last Week December 2018 Sales 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 22,800 0 30,000 22,800
$50 American Eagle 1 Oz Gold Coin 0 32,000 3,000 191,000 32,000
$25 American Eagle 1/2 Oz Gold Coin 0 13,000 0 32,000 13,000
$10 American Eagle 1/4 Oz Gold Coin 0 16,000 0 62,000 16,000
$5 American Eagle 1/10 Oz Gold Coin 0 60,000 0 230,000 60,000
$50 American Buffalo 1 Oz Gold Coin 0 18,500 1,500 121,500 18,500
$1 American Eagle 1 Oz Silver Coin 0 2,846,000 490,000 15,700,000 2,846,000

 

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