Gold Rises 50c on Tuesday, July 9

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

999.9 Fine Gold Bullion

Gold futures rose 50 cents on Tuesday, July 9

Gold futures were little changed for a second straight session, rising slightly Tuesday after dipping in their start to the trading week on Monday.

Gold for August delivery edged up 50 cents, or 0.04%, to settle at $1,400.50 an ounce on the Comex division of the New York Mercantile Exchange.

"The resurgence in U.S. dollar reaching a three-week high moved gold at lower prices earlier in the session, following which we are seeing a little bit of bargain buying which has kept the market afloat," Reuters quoted Alex Turro, market strategist at RJO Futures.

Gold futures ranged from a low of $1,387.50 to a high of $1,402.40. They lost a dime on Monday. Last Wednesday, gold finished at $1,420.90 an ounce for its best settlement since May 14, 2013.

Silver for September delivery added 9.7 cents, or 0.6%, to settle at $15.147 an ounce. Silver futures traded between $14.96 and $15.16. They gained 0.3% on Monday.

In other precious metals prices Tuesday:

  • October platinum declined $5.30, or 0.7%, to $815.10 an ounce, ranging from $809.20 to $820.40.

  • Palladium for September delivery lost $18.30, or 1.2%, to $1,539.90 an ounce, trading between $1,532.50 and $1,556.30. Last Wednesday, palladium notched a record settlement at $1,565.80 an ounce.

London Precious Metals Prices

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

  • Gold declined $8.55, or 0.6%, to $1,391.55 an ounce.
  • Silver fell 4.5 cents, or 0.3%, to $15.025 an ounce.

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)
Tuesday Last Week This Week / July May June 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 0 3,500 4,500 78,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 0 0 20,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 0 0 28,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 5,000 5,000 5,000 150,000
$50 American Buffalo 1 Oz Gold Coin 0 0 0 3,000 3,000 47,500
$1 American Eagle 1 Oz Silver Coin 0 0 165,000 866,000 1,035,000 10,187,000
American Memorial Park 5 Oz Silver Coin 0 0 0 78,000 0 78,000
Lowell 5 Oz Silver Coin* N/A 80,000
$100 American Eagle 1 Oz Platinum Coin* N/A 40,000

 

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