Gold Ends Near Two-Week High on Monday, July 15

by CoinNews.net on July 15, 2019 · 0 comments

Gold Bullion and Coins

Gold futures rose 0.09% on Monday, July 15

Precious metals rose Monday, registering gains ranging from nearly 0.1% for gold to 1.3% for both platinum and palladium. Gold closed at an almost two-week high.

Gold for August delivery climbed $1.30 to settle at $1,413.15 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since July 3 when gold ended at $1,420.90 an ounce for a more than six-year high.

"Gold price action has been pretty choppy, but I could see us traversing $1,380-$1,440 from now until the Fed meeting in end-July, perhaps even more than once," Reuters quoted Tai Wong, head of base and precious metals derivatives trading at BMO.

Gold futures ranged from a low of $1,409.30 to a high of $1,421.60. They rose last week by 0.9%.

Posting their fifth gain in six sessions, silver for September delivery tacked on 12.9 cents, or 0.9%, to settle at $15.365 an ounce. Silver futures traded between $15.18 and $15.39. They moved 1.6% higher last week.

In other precious metals futures prices Monday:

  • October platinum added $10.60 to $845.20 an ounce, ranging from $832.30 to $850.60.

  • Palladium for September delivery advanced $20.50 to $1,562.90 an ounce, trading between $1,540.60 and $1,568.90. Last Wednesday, palladium notched a record settlement of $1,588.10 an ounce.

Last week, platinum advanced 2.9% and palladium declined 1.4%.

London Precious Metals Prices

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

  • Gold rose $4.80 or 0.3%, to $1,412.40 an ounce.
  • Silver added 18 cents, or 1.2%, to $15.32 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

In LBMA results last week, gold gained 1.4% as the others logged declines totaling 0.5% for silver, 0.8% for platinum, and 1.3% for palladium.

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)
Monday Last Week June July 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 4,500 0 78,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 1,000 20,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 2,000 28,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 5,000 5,000 150,000
$50 American Buffalo 1 Oz Gold Coin 0 0 3,000 0 47,500
$1 American Eagle 1 Oz Silver Coin 0 262,000 1,035,000 262,000 10,284,000
American Memorial Park 5 Oz Silver Coin 0 0 0 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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