Gold And Silver Close Near 1-Month Highs

by CoinNews.net on December 3, 2019 · 0 comments

Gold Bullion, five bars

Gold futures climbed 1% on Tuesday, Dec. 3

Gold, silver and platinum futures advanced Tuesday. Gold and silver marked almost one-month high settlements. Palladium ended the day slightly lower after posting a record on Monday.

Gold for February delivery moved up $15.20, or 1%, to close at $1,484.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 6.

Gold and silver logged gains "on safe-haven buying amid a U.S. stock market sell-off following downbeat remarks from President Trump regarding the U.S.-China trade negotiations," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.

Gold futures ranged from a low of $1,465.40 to a high of $1,487.70. They dipped 0.2% on Monday.

Silver for March delivery settled up 28.2 cents, or 1.7%, to $17.248 an ounce. Like for gold, silver’s settlement was the highest since Nov. 6. Silver futures traded between $16.94 and $17.29. They declined 0.8% on Monday.

In other precious metals futures Tuesday:

  • January platinum gained $11.90, or 1.3%, to $911.60 an ounce, ranging from $897.50 to $914.

  • Palladium for March delivery shed 30 cents, or 0.02%, to $1,824.40 an ounce, trading between $1,815.30 and $1,834.80. On Monday, they scored a record settlement.

London Precious Metals Prices

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

  • Gold rose $1, or 0.07%, to $1,461.15 an ounce.
  • Silver dipped 9 cents, or 0.5%, to $16.875 an ounce.

US Mint 2019 Bullion Sales

United States Mint bullion sales advanced by 500 ounces in American Gold Eagle 1 ounce coins and 25,000 ounces in America the Beautiful Frank Church River of No Return Wilderness 5 ounce 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 / December Last Week October November 2019 Sales
$50 American Eagle 1 Oz Gold Coin 500 0 8,000 8,000 106,500
$25 American Eagle 1/2 Oz Gold Coin* 0 0 1,000 5,000 30,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 4,000 2,000 38,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 20,000 0 195,000
$50 American Buffalo 1 Oz Gold Coin 0 0 3,000 5,000 60,000
$1 American Eagle 1 Oz Silver Coin 0 0 1,110,500 463,000 14,863,500
Frank Church River of No Return Wilderness 5 Oz Silver Coin 5,000 6,500 N/A 20,000 25,000
San Antonio Missions 5 Oz Silver Coin 0 0 17,500 0 55,200
War in the Pacific 5 Oz Silver Coin 0 0 500 0 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

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of