Precious Metals Gain Wed., Jan. 30

by CoinNews.net on January 30, 2019 · 0 comments

Three bullion gold bars

Gains in precious metals ranged from less than 0.1% for both gold and platinum to 1% for palladium

Precious metals futures advanced together Wednesday for a second day in a row. Gold and silver closed at fresh multi-month highs and each marked their fourth straight session gain.

Gold for April delivery — the new, most active contract — inched up 30 cents, or less than 0.1%, to settle at $1,315.50 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since May 14 when gold ended at $1,318.20 an ounce.

Gold futures ranged from a low of $1,313.50 to a high of $1,328.60. They rose 0.5% on Tuesday and added 0.4% on Monday.

Silver for March delivery rose 8.8 cents, or 0.6%, to close at $15.927 an ounce. The settlement was the strongest since July 12 when silver settled at $15.977 an ounce. Silver futures traded between $15.82 and $16.12. They added 0.5% on Tuesday and climbed 0.4% on Monday.

In PGM futures Wednesday:

  • April platinum gained 40 cents, or less than 0.1%, to $816.20 an ounce, ranging from $814.60 to $823.80.

  • Palladium for March added $12.80, or 1%, to $1,316.40 an ounce, trading between $1,297.70 and $1,324.10.

London Precious Metals Prices

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

  • Gold added $5.40, or 0.4%, to $1,307.55 an ounce.
  • Silver rose 17 cents, or 1.1%, to $15.855 an ounce.

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

US Mint 2019 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)
Wednesday Last Week This Week December 2018 Sales 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 1,000 0 30,000 26,600
$50 American Eagle 1 Oz Gold Coin 0 2,500 1,000 3,000 191,000 44,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 0 32,000 15,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 62,000 20,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 5,000 0 230,000 80,000
$50 American Buffalo 1 Oz Gold Coin 0 1,500 500 1,500 121,500 23,000
$1 American Eagle 1 Oz Silver Coin 0 375,000 86,500 490,000 15,700,000 4,017,500

 

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