Gold and silver futures moved 1.3% higher on Tuesday, Oct. 2. Gold’s close was its best in almost two weeks.
Gold for December delivery tacked on $15.30 to settle at $1,207 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the strongest since Sept. 20.
"One thing that was interesting today was that the dollar index was over 95 and gold completely ignored that. The index around this level is a major headwind for gold and when you ignore a headwind it is a bullish signal," Reuters quoted George Gero, managing director of RBC Wealth Management.
Gold futures ranged from a low of $1,192.20 to a high of $1,212.30. They lost 0.4% on Monday.
Elsewhere, silver for December advanced 18.6 cents to settle at $14.693 an ounce. The close is the best since Friday when prices ended at a one-month high. Silver futures traded between $14.47 and $14.95. They fell 1.4% on Monday.
In other precious metals futures prices:
January platinum rose $5.60, or 0.7%, to $833.50 an ounce, ranging from $818.20 to $838.20.
- Palladium for December delivery declined $5.70, or 0.5%, to $1,050.70 an ounce, trading between $1,032.40 and $1,058.40. an ounce. On Friday, it logged its best close since late January.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold gained $15.35, or 1.3%, to 1,204.70 an ounce.
- Silver declined 4.5 cents, or 0.3%, to $14.505 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2018
United States Mint bullion sales rose by a combined 1,000 ounces in American Eagle and Buffalo gold coins and by 195,000 ounces in American Silver Eagles.
Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
|US Mint Bullion Sales (# of coins)|
|Tuesday||Last Week||Week / Oct.||August||September||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||500||3,500||2,000||17,500||14,500||153,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||4,000||2,000||24,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||4,000||58,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||10,000||40,000||205,000|
|$50 American Buffalo 1 Oz Gold Coin||500||4,500||1,000||20,000||11,000||109,000|
|$1 American Eagle 1 Oz Silver Coin||195,000||935,000||545,000||1,530,000||2,897,500||12,680,000|
|Pictured Rocks 5 Oz Silver Coin*||0||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin*||0||0||0||0||0||30,000|
|Voyageurs 5 Oz Silver Coin*||0||0||0||0||0||30,000|
|Cumberland Island 5 Oz Silver Coin||0||0||0||N/A||52,500||52,500|
This article was edited to include updated U.S. Mint bullion figures.