Gold Logs Fourth Session Win

by CoinNews.net on April 10, 2019 · 0 comments

6 gold bars

Gold futures rose 0.4% on Wednesday, April 10

Precious metals futures advanced Wednesday with gains ranging from less than 0.1% for palladium to 1.1% for platinum. Gold extended its win streak to four sessions and it ended at an about two-week high.

Gold for June delivery tacked on $5.60, or 0.4%, to settle at $1,313.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since March 26.

"The precious metals are being supported by bullish outside market forces that include a weaker U.S. dollar index and higher crude oil prices today," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report

Gold futures ranged from a low of $1,304.70 to a high of $1,314.70. They climbed 0.5% on Tuesday and on Wednesday.

Silver for May delivery added 3.3 cents, or 0.2%, to end at $15.244 an ounce. Silver futures traded between $15.11 and $15.27. They dipped a half cent on Tuesday and rose 0.9% on Monday.

In PGM futures prices Wednesday:

  • July platinum gained $9.60 to $908.90 an ounce, ranging from $890.50 to $912.80.

  • Palladium for June delivery inched up 60 cents to $1,363.20 an ounce, trading between $1,355 and $1,371.50.

London Precious Metals Prices

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

  • Gold rose $2.45, or 0.2%, to $1,305.45 an ounce.
  • Silver gave back a cent, or less than 0.1%, to $15.245 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 rose by 500 ounces in $5 American Gold Eagles. 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 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 5,000 5,000 5,000 10,000 15,000 10,000 125,000
$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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