Gold Rises, Silver Ends Flat; Palladium Marks Another Record

by CoinNews.net on February 12, 2019 · 0 comments

Palladium

Palladium prices ended Feb. 12 at a record $1,375.40 an ounce

Gold, platinum and palladium finished higher Tuesday and silver was unchanged. Palladium marked another settlement record.

Gold for April delivery climbed $2.10, or 0.2%, to settle at $1,314 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is likely to be quiet for the remainder of the week pending news on the U.S.-China trade talks, and the U.S. government shutdown," Reuters quoted Bob Haberkorn, senior market strategist at RJO Futures.

"If there is an announcement that the government is going to be open and if there’s a breakthrough in trade talks, gold will initially sell off, but traders want to own gold right now with the U.S. Federal Reserve being dovish."

Gold futures ranged from a low of $1,310 to a high of $1,318.30. They shed 0.5% on Monday.

Elsewhere, silver for March delivery was unchanged at $15.69 an ounce. Silver futures traded between $15.65 and $15.82. They declined 0.8% on Monday.

In other precious metals prices Tuesday:

  • April platinum rose $3, or 0.4%, to $789.60 an ounce, ranging from $785.50 to $794.80.

  • Palladium for March delivery tacked on $18.60, or 1.4%, to $1,375.40 an ounce — an all-time high close. Palladium prices trading between $1,355.80 and $1,379.50.

London Precious Metals Prices

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

  • Gold added $3.60, or 0.3%, to $1,310 an ounce.
  • Silver added 10.5 cents, or 0.7%, to $15.81 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)
Tuesday Last Week This Week January February 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 900 0 27,100 1,400 28,500
$50 American Eagle 1 Oz Gold Coin 0 3,500 0 44,500 4,500 49,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 15,000 1,000 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 20,000 0 20,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 85,000 5,000 90,000
$50 American Buffalo 1 Oz Gold Coin 0 3,000 1,000 23,500 4,000 27,500
$1 American Eagle 1 Oz Silver Coin 0 255,000 550,000 4,017,500 835,000 4,852,500

 

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