Precious metals futures failed to make waves Tuesday, logging little changes. Gold’s gain, while modest, marked another eleven-week high.
Gold for December delivery edged up 70 cents, or less than 0.1%, to settle at $1,231 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since gold ended at $1,233.60 an ounce on July 31.
"The near-term technical posture for gold has dramatically improved the past few sessions, which continues to invite the chart-based buyers," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily note. "Also, the recent volatility in world stock markets and some heightened geopolitical tensions are continuing to provide some demand for safe-haven gold."
Gold futures ranged from a low of $1,228.40 to a high of $1,235.90. They moved up 0.7% on Monday.
Silver for December shed 2.6 cents, or 0.2%, to end at $14.701 an ounce. Silver futures traded between $14.64 and $14.88. They rose 0.6% on Monday, posting their best settlement since Aug. 28.
In rounding out precious metals futures prices Tuesday:
January platinum inched up 40 cents, or less than 0.1%, to $846.70 an ounce, ranging from $842.80 to $850.20.
- Palladium for December delivery declined $4.30, or 0.4% to $1,073.90 an ounce, trading between $1,068.90 to $1,082.90.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold added 75 cents, or less than 0.1%, to 1,230.70 an ounce.
- Silver added 1.5 cents, or 0.1%, to $14.755 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 were unchanged. 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||This Week||September||October||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||6,000||2,000||14,500||12,500||163,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||2,000||1,000||25,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||0||58,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||40,000||10,000||210,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,000||1,000||11,000||3,500||111,500|
|$1 American Eagle 1 Oz Silver Coin||0||260,000||200,000||2,897,500||1,130,000||13,265,000|
|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||52,500||0||52,500|