Gold, silver and platinum futures traded lower Monday. Palladium, meanwhile, registered another record settlement.
Gold for December delivery declined $9.50, or 0.6%, to settle at $1,495.80 an ounce on the Comex division of the New York Mercantile Exchange.
"It’s a risk-on sentiment – people are getting out of the safe-haven trade, out of gold and going into equities," Reuters quoted Phillip Streible, senior commodities strategist at RJO Futures.
Gold futures ranged from a low of $1,492.30 to a high of $1,510.80. They finished 0.8% higher last week, ending Friday at their best price since Oct. 9.
Silver for December delivery dipped 5 cents, or 0.3%, to settle at $17.876 an ounce. Silver futures traded between $17.78 and $18.15. They rallied last week by 2%, closing Friday at their highest price since Sept. 25.
In other precious metals futures Monday:
-
January platinum lost $14.30, or 1.5%, to $919 an ounce, ranging from $917.30 to $938.50.
- Palladium for December delivery tacked on $35.10, or 2%, to a record settlement of $1,779.30 an ounce. Palladium futures traded between $1,740.40 and $1,784.90.
Last week, platinum soared 4.2% and palladium rose 1.6%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold fell $21.05, or 1.4%, to $1,492.40 an ounce.
- Silver declined 7 cents, or 0.4%, to $18.055 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
In LBMA results last week, metal prices rose 6% for gold, 4% for silver, and 5.1% for platinum.
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 | September | October | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 3,500 | 8,000 | 98,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 1,000 | 25,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 4,000 | 34,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 10,000 | 20,000 | 190,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 2,500 | 3,000 | 55,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 1,021,000 | 943,500 | 14,233,500 |
| San Antonio Missions 5 Oz Silver Coin | 0 | 0 | 37,700 | 17,500 | 55,200 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 2,500 | 500 | 72,500 |
| American Memorial Park 5 Oz Silver Coin* | 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 | |||
