Gold Maintains More Than 6-Year High Settlement

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

Shelves of gold bullion bars

Gold futures rose 0.2% on Thursday, Aug. 15

Precious metals futures ended mixed Thursday with gold and palladium higher and silver and platinum lower. Gold closed at a new, more than 6.3-year high.

Gold for December delivery rose $3.40, or 0.2%, to settle at $1,531.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since April 11, 2013 when gold ended at $1,564.90 an ounce.

"Gold prices are modestly higher in midday U.S. trading Thursday, as global stock and financial markets are still on edge as the world’s two largest economies go head-to-head in a major trade war. Civil unrest in Hong Kong is adding to marketplace anxiety," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily note.

Gold futures ranged from a low of $1,518.30 to a high of $1,534.90. They gained 0.9% on Wednesday, lost 0.2% on Tuesday, and rose 0.6% on Monday.

Silver for September delivery declined 6.6 cents, or 0.4%, to close at $17.214 an ounce. Silver futures traded between $17.07 and $17.37. They surged 1.7% on Wednesday — ending at their best price since June 14, 2018, they shed 0.5% on Tuesday, and they gained 0.8% on Monday.

In other precious metals futures prices:

  • October platinum shed $6, or 0.7%, to $842 an ounce, ranging from $836.40 to $850.50.

  • Palladium for September gained $22.20, or 1.6%, to $1,438.60 an ounce, trading between $1,414.10 and $1,439.90.

London Precious Metals Prices

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

  • Gold rose $2.40, or 0.2%, to $1,515.65 an ounce.
  • Silver added 17.5 cents, or 1%, to $17.29 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 160,000 ounces in American Silver Eagles.

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)
Thursday Last Week This Week July August 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 1,000 1,500 2,500 2,500 83,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 3,000 1,000 23,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 2,000 0 28,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 15,000 0 160,000
$50 American Buffalo 1 Oz Gold Coin 0 500 0 500 1,000 49,000
$1 American Eagle 1 Oz Silver Coin 160,000 0 252000 1,240,000 252,000 11,514,000
War in the Pacific 5 Oz Silver Coin 0 0 0 57,000 8,000 65,000
American Memorial Park 5 Oz Silver Coin 0 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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