Gold Scores Tenth Increase in Eleven Sessions

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

Nine Gold Bullion Bars

Gold prices moved 0.4% higher Wednesday, June 12

Gold futures finished ahead for a second day in a row Wednesday, advancing its streak of gains to ten in eleven sessions.

Gold for August delivery tacked on $5.60, or 0.4%, to settle at $1,336.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Today, global equities are weaker, there is some safe-haven buying, and buying ahead of the U.S. Fed meeting next week," Reuters quoted Bob Haberkorn, senior market strategist at RJO Futures.

Gold futures ranged from a low of $1,329.80 to a high of $1,342.30. They gained 0.1% on Tuesday and fell 1.3% on Monday. On Friday, they ended at $1,346.10 an ounce for their highest settlement since Feb. 20.

Silver for July delivery added 1.3 cents, or nearly 0.1%, to close at $14.753 an ounce. Silver futures traded between $14.71 and $14.86. They moved up 0.7% on Tuesday and tumbled 2.6% on Monday.

In PGM futures on Wednesday:

  • July platinum declined $3.80, or 0.5% to $810.50 an ounce, ranging from $808.40 to $820.

  • Palladium for September delivery finished up $16.40, or 1.2%, to $1,405.60 an ounce, trading between $1,381.60 and $1,409.20.

London Precious Metals Prices

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

  • Gold rose $8.05, or 0.6%, to $1,332.35 an ounce.
  • Silver added 9.5 cents, or 0.7%, to $14.79 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. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Wednesday Last Week This Week April May June 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 500 2,000 6,500 3,500 2,500 76,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 0 0 19,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 2,000 0 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 25,000 5,000 5,000 145,000
$50 American Buffalo 1 Oz Gold Coin 0 1,000 0 6,500 3,000 1,000 45,500
$1 American Eagle 1 Oz Silver Coin 0 223,500 326,500 1,196,000 866,000 550,000 9,537,000
American Memorial Park 5 Oz Silver Coin 0 0 0 N/A 78,000 0 78,000
Lowell 5 Oz Silver Coin* N/A 80,000
$100 American Eagle 1 Oz Platinum Coin* N/A 6,500 N/A 0 40,000

 

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