Gold, Platinum and Palladium Advance Thursday, Sept. 26

by CoinNews.net on September 26, 2019 · 0 comments

Gold bars

Gold futures rose 0.2% on Thursday, Sept. 26

Silver futures declined Thursday while gold, platinum and palladium gained following their losses in the previous session.

Gold for December delivery rose $2.90, or 0.2%, to settle at $1,515.20 an ounce on the Comex division of the New York Mercantile Exchange.

"We are seeing increasing volumes in the exchange-traded funds (ETF) to position gold on yesterday’s sell-off. This goes to show that these dips are being bought by investors," Reuters quoted Daniel Ghali, commodity strategist at TD Securities.

Gold futures ranged from a low of $1,507.10 to a high of $1,519.50. They fell 1.8% on Wednesday, they rose 0.6% on Tuesday — marking their highest settlement since Sept. 4, and they gained 1.1% on Monday.

Silver for December delivery gave back 16.1 cents, or 0.9%, to settle at $17.912 an ounce. Silver futures traded between $17.78 and $18.11. They sank 3% on Wednesday, they lost 0.4% on Tuesday, and they surged 4.8% on Monday — closing at their highest point since Sept. 5.

In other precious metals futures prices on Thursday:

  • January platinum settled up $7.10, or 0.8% to $942.70 an ounce, ranging from $933.50 to $944.40.

  • Palladium for December delivery jumped $31.10, or 1.9%, to $1,642.90 an ounce, trading between $1,611.90 and $1,644.30. On Tuesday, they finished at a record settlement of $1,646.40.

London Precious Metals Prices

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

  • Gold declined $22.35, or 1.5%, to $1,506.40 an ounce.
  • Silver dropped 60 cents, or 3.2%, to $17.97 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)
Thursday Last Week This Week August September 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 500 500 5,500 3,500 90,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 1,000 24,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 2,000 30,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 5,000 0 10,000 170,000
$50 American Buffalo 1 Oz Gold Coin 0 500 0 1,500 1,000 50,500
$1 American Eagle 1 Oz Silver Coin 0 0 50,000 1,007,000 736,000 13,005,000
War in the Pacific 5 Oz Silver Coin 0 0 0 12,500 2,500 72,000
American Memorial Park 5 Oz Silver Coin* 0 0 0 2,000 0 80,000
Lowell 5 Oz Silver Coin* N/A 80,000
$100 American Eagle 1 Oz Platinum Coin* N/A 40,000

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of