Precious Metals Gain Tuesday, March 12

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

Nine Gold Bullion Bars

Gold prices settled 0.5% higher Tuesday, March 12

Precious metals advanced together Tuesday, marking gains ranging from 0.5% for both gold and palladium to 1.9% for platinum. Silver was in the middle, rising 0.9%.

Gold for April delivery gained $7 to settle at $1,298.10 an ounce on the Comex division of the New York Mercantile Exchange.

"A lower U.S. dollar index on this day and a mild U.S. inflation report are also friendly for the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Gold and silver bulls have regained some technical strength this week."

Earlier Tuesday, the U.S. Labor Department said consumer prices in February rose 0.2% and annual inflation rose 1.5% for the slowest pace since September 2016.

Gold futures ranged from a low of $1,292 to a high of $1,299.80. They slipped 0.6% on Monday.

Silver for May delivery added 13.9 cents to close at $15.413 an ounce. Silver futures traded between $15.31 and $15.49. They declined 0.5% on Monday.

In other precious metals prices Tuesday:

  • April platinum advanced $15.10 to $831.90 an ounce, ranging from $819.40 to $838.

  • Palladium for June delivery added $8 to $1,490 an ounce, trading between $1,488 and $1,508.90.

London Precious Metals Prices

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

  • Gold rose $4.30, or 0.3%, to $1,297.05 an ounce.
  • Silver added 15 cents, or 1%, to $15.445 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 March 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 1,500 27,100 2,400 1,500 31,000
$50 American Eagle 1 Oz Gold Coin 0 1,500 5,500 44,500 11,000 7,000 62,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 15,000 1,000 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 4,000 20,000 0 4,000 24,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 5,000 90,000 10,000 5,000 105,000
$50 American Buffalo 1 Oz Gold Coin 0 500 3,500 23,500 6,000 4,000 33,500
$1 American Eagle 1 Oz Silver Coin 0 0 779,000 4,017,500 2,157,500 779,000 6,954,000
Lowell 5 Oz Silver Coin 0 N/A 39,000 N/A 39,000 39,000

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of