Gold Rises Monday, May 6

by CoinNews.net on May 6, 2019 · 0 comments

999.9 Fine Gold Bullion

Gold futures climbed 0.2% on Monday, May 6

Precious metals futures were mixed Monday with gold and platinum rising and silver and palladium falling.

Gold for June delivery rose $2.50, or 0.2%, to settle at $1,283.80 an ounce on the Comex division of the New York Mercantile Exchange.

"We are seeing the markets reacting to uncertainty about trade talks. It is creating some nervousness in the markets. The dollar is a tad stronger, countering some of the potential moves we would have seen otherwise in gold," Reuters quoted Ole Hansen, commodity strategist at Saxo Bank.

Gold futures ranged from a low of $1,278.10 to a high of $1,287.40. They slipped 0.6% last week.

Silver for July delivery lost 5.1 cents, or 0.3%, to close at $14.927 an ounce. Silver futures traded between $14.77 and $14.99. They edged 0.2% lower last week.

In other precious metals futures prices Monday:

  • July platinum move up $6.10, or 0.7%, to $880.90 an ounce, ranging from $859.20 to $881.80.

  • Palladium for June delivery declined $29.90, or 2.2%, to $1,328.10 an ounce, trading between $1,324 and $1,363.80.

Last week, platinum fell 3.2% and palladium tumbled 6.2%.

London Precious Metals Prices

UK markets were closed for a bank holiday. On Friday, they finished mixed with:

  • Gold rising $7.60, or 0.6%, to $1,278.55 an ounce.
  • Silver falling 2 cent, or 0.1%, to $14.655 an ounce.
  • Platinum declining $2, or 0.2%, to $855 an ounce.
  • Palladium rising $1, or 0.1%, to $1,359 an ounce.

In LBMA results last week, prices declined — 0.4% for gold, 2.3% for silver, 3.8% for platinum, and 5% for palladium.

US Mint 2019 Bullion Sales

United States Mint bullion were unchanged. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Monday Last Week March April May 2019 Sales
$100 American Eagle 1 Oz Platinum Coin* 0 2,600 4,000 6,500 0 40,000
$50 American Eagle 1 Oz Gold Coin 0 1,000 8,500 6,500 0 70,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 1,000 0 19,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 4,000 2,000 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 15,000 10,000 0 145,000
$50 American Buffalo 1 Oz Gold Coin 0 1,500 5,500 6,500 0 41,500
$1 American Eagle 1 Oz Silver Coin 0 714,000 850,000 1,196,000 68,000 8,189,000
Lowell 5 Oz Silver Coin* 0 0 80,000 0 0 80,000

 

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