Gold Settles Near Two-Week High, Silver Dips

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

Five gold bullion bars

Gold futures ended at their best price since March 27

Precious metals futures split Tuesday. Silver declined, slightly, following two days of gains. Gold finished higher for a third session in a row and marked an almost two-week high.

Gold for June delivery added $6.40, or 0.5%, to settle at $1,308.30 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since March 27.

"A modest slowdown of the greenback in conjunction with some uncertainty in the stock market were enough to push bullion prices up, confirming firm investor appetite for gold," MarketWatch quoted Carlo Alberto De Casa, chief analyst at ActivTrades.

Gold futures ranged from a low of $1,300.60 to a high of $1,310.40. They also gained 0.5% on Monday.

Silver for May delivery shed a half cent to close at $15.211 an ounce. Silver futures traded between $15.18 and $15.31. They rose 0.9% on Monday.

In other precious metals futures prices:

  • July platinum declined $13.60, or 1.5%, to $899.30 an ounce, ranging from $859.30 to $915.10.

  • Palladium for June delivery gained $9.50, or 0.7%, to $1,362.60 an ounce, trading between $1,340.80 and $1,373.30.

London Precious Metals Prices

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

  • Gold rose $3, or 0.2%, to $1,303 an ounce.
  • Silver added 11.5 cents, or 0.8%, to $15.255 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 February March April 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 1,100 0 2,400 4,000 1,100 34,600
$50 American Eagle 1 Oz Gold Coin 0 2,000 500 11,000 8,500 2,500 66,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 1,000 0 17,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 0 4,000 2,000 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 10,000 15,000 5,000 120,000
$50 American Buffalo 1 Oz Gold Coin 0 3,000 500 6,000 5,500 3,500 38,500
$1 American Eagle 1 Oz Silver Coin 0 550,000 0 2,157,500 850,000 550,000 7,575,000
Lowell 5 Oz Silver Coin 0 0 0 N/A 80,000 0 80,000

 

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