Gold Marks Third Loss As Other Metals Rise

by CoinNews.net on October 8, 2019 · 0 comments

Bullion Gold Bars, Three

Gold futures eased lower by less than 0.1% on Tuesday, Oct. 8

Silver, platinum and palladium futures climbed Tuesday. Gold, meanwhile, edged lower for a third session in a row.

Gold for December delivery dipped 50 cents, or 0.03%, to settle at $1,503.90 an ounce on the Comex division of the New York Mercantile Exchange. The close was the lowest since last Tuesday, Oct. 1.

"There are several geopolitical matters at work that have traders and investors worldwide in a bit of a risk-averse mood," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.

Gold futures ranged from a low of $1,492.10 to a high of $1,514.30. They declined 0.6% on Monday.

Silver for December delivery gained 16 cents, or 0.9%, to settle at $17.70 an ounce. Silver futures traded between $17.30 and $17.86. They fell 0.5% on Monday.

In other precious metals futures prices Tuesday:

  • January platinum rose $1.80, or 0.2%, to $890.10 an ounce, ranging from $881.50 to $897.70.

  • Palladium for December delivery gained $4.40, or 0.3%, $1,650.70 an ounce, trading between $1,605 and $1,653.90. On Wednesday, they scored a record settlement of $1,665.50 an ounce.

London Precious Metals Prices

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

  • Gold added $4.60, or 0.3%, to $1,505.85 an ounce.
  • Silver added 13 cents, or 0.8%, to $17.555 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)
Tuesday Last Week This Week September October 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 1,500 1,000 3,500 2,500 92,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 0 24,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 2,000 2,000 4,000 34,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 10,000 10,000 15,000 185,000
$50 American Buffalo 1 Oz Gold Coin 0 0 0 1,000 0 50,500
$1 American Eagle 1 Oz Silver Coin 0 565,000 180,000 1,021,000 460,000 13,750,000
San Antonio Missions 5 Oz Silver Coin 0 42,200 12,500 37,700 17,000 54,700
War in the Pacific 5 Oz Silver Coin 0 0 500 2,500 500 72,500
American Memorial Park 5 Oz Silver Coin* 0 0 0 0 0 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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