Precious Metals Advance Tuesday, Nov. 26

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

Gold bullion and nuggets

Gold prices rose 0.2% on Tuesday, Nov. 26

Precious metals futures finished higher Tuesday. Palladium’s gain was its third in a row while platinum extended its winning streak to two straight. Gold and silver, meanwhile, climbed from two-week lows.

Gold for December delivery added $3.40, or 0.2%, to settle at $1,460.30 an ounce on the Comex division of the New York Mercantile Exchange.

"The only story here is the China-U.S. (trade deal). Last few sessions, gold has been selling off on hopes for a U.S.-China deal. Right now, gold is paused here and is in kind of a wait-and-see (mode)," Reuters quoted Bob Haberkorn, senior market
strategist at RJO Futures.

Gold futures ranged from a low of $1,449.60 to a high of $1,462.80. They declined 0.5% on Monday, marking their lowest settlement since Nov. 12.

Silver for December delivery rose 15.9 cents, or 0.9%, to settle at $17.045 an ounce. Silver futures traded between $16.78 and $17.09. They fell 0.7% on Monday, logging their lowest finish since Nov. 12.

In other precious metals futures Tuesday:

  • January platinum added $11.30, or 1.3%, to $911.70 an ounce, ranging from $896.40 to $919.

  • Palladium for March delivery — the new, most active contract — rose $10, or 0.6%, to $1,782 an ounce, trading between $1,752 and $1,792.

London Precious Metals Prices

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

  • Gold declined $3.75, or 0.3%, to $1,454.65 an ounce.
  • Silver rose 6.5 cents, or 0.4%, to $16.935 an ounce.

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 October November 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 3,000 0 8,000 8,000 106,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 5,000 30,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 4,000 2,000 36,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 20,000 0 190,000
$50 American Buffalo 1 Oz Gold Coin 0 2,500 0 3,000 5,000 60,000
$1 American Eagle 1 Oz Silver Coin 0 233,000 0 1,110,500 463,000 14,863,500
Frank Church River of No Return Wilderness 5 Oz Silver Coin 0 13,500 6,500 N/A 20,000 20,000
San Antonio Missions 5 Oz Silver Coin 0 0 0 17,500 0 55,200
War in the Pacific 5 Oz Silver Coin 0 0 0 500 0 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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