Gold, Silver and Palladium Rise on Tuesday, Aug. 20

by CoinNews.net on August 20, 2019 · 0 comments

Two gold bullion bars

Gold prices rose 0.3% on Tuesday, Aug. 20

Gold and silver futures marked their first gains in three sessions. Palladium also advanced on Tuesday, while platinum declined.

Gold for December delivery rose $4.10, or 0.3%, to settle at $1,515.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold bulls are engaged in a fierce battle to defend the $1500 psychological level as investors seek riskier assets," MarketWatch quoted Lukman Otunuga, senior research analyst at brokerage FXTM.

Gold futures ranged from a low of $1,503 to a high of $1,518.80. They slipped 0.8% on Monday. Last Thursday, they finished at $1,531.20 an ounce for their strongest settlement since April 11, 2013.

Silver for September delivery tacked on 20.8 cents, or 1.2%, to close at $17.148 an ounce. Silver futures traded between $16.83 and $17.17. They declined 0.3% on Monday. Last Wednesday, they closed at $17.28 an ounce for their highest settlement since ending at $17.441 an ounce on Jan. 26, 2018.

In other precious metals futures Tuesday:

  • October platinum declined $4, or 0.5%, to $852.80 an ounce, ranging from $847.10 to $858.50.

  • Palladium for September added $15.40, or 1%, to $1,489.70 an ounce, trading between $1,469.80 and $1,490.90.

London Precious Metals Prices

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

  • Gold rose $7.95, or 0.5%, to $1,504.55 an ounce.
  • Silver added 9.5 cents, or 0.6%, to $17.02 an ounce.

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

US Mint 2019 Bullion Sales

The United States Mint sales rose by 2,500 ounces in gold coins and by 489,500 ounces in silver coins.

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 / This Week Last Week July August 2019 Sales
$50 American Eagle 1 Oz Gold Coin 2,500 1,500 2,500 5,000 86,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 3,000 1,000 23,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 0 28,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 15,000 0 160,000
$50 American Buffalo 1 Oz Gold Coin 0 0 500 1,000 49,000
$1 American Eagle 1 Oz Silver Coin 457,000 222,000 1,240,000 679,000 11,941,000
War in the Pacific 5 Oz Silver Coin 4,500 0 57,000 12,500 69,500
American Memorial Park 5 Oz Silver Coin* 2,000 0 0 2,000 80,000
Lowell 5 Oz Silver Coin* N/A 80,000
$100 American Eagle 1 Oz Platinum Coin* N/A 40,000

 

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