Gold and Silver Post Fourth Straight Session Gains

by CoinNews.net on November 19, 2018 · 0 comments

Gold Bullion and Coins

Gold futures rose 0.2% Monday, Nov. 19

Most precious metals futures advanced Monday in their start to the new trading week. Gold and silver moved ahead for a fourth straight session with each closing around one-and-a-half week highs. Palladium, meanwhile, declined for the first time in five sessions to slip under its all-time record.

Gold for December delivery tacked on $2.30, or 0.2%, to close at $1,225.30 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 7.

"The fact that investors have revisited gold as a major safe haven will keep it to top of mind as the year ends," MarketWatch quoted Alfonso Esparza, senior market analyst at Oanda. "The U.S. dollar has appreciated against all major pairs year to date but as the [Federal Reserve] nears a neutral interest rate it runs the risk of running out of steam."

Gold futures ranged from a low of $1,218.50 to a high of $1,226.50. They advanced 1.2% last week. Last Tuesday, they finished at $1,201.40 an ounce for their weakest settlement since Oct. 10.

Silver for December delivery rose 2.1 cents, or 0.2%, to settle at $14.403 an ounce. The close was the highest since Nov. 8. Silver futures traded between $14.32 and $14.42. They surged 1.7% last week.

In other precious metals futures prices on Monday:

  • January platinum added $11, or 1.3%, to $857.60 an ounce, ranging from $845 to $858.60.

  • Palladium for December delivery declined $13.30, or 1.2%, to $1,141.30 an ounce, trading between $1,140.50 and $1,167.10. On Friday, the precious metal ended at a record of $1,154.60 an ounce.

Both metals gained last week with platinum rising 1.1% and palladium soaring 5.2%.

London Precious Metals Prices

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

  • Gold dipped 80 cents, or less than 0.1%, to 1,221.60 an ounce.
  • Silver rose 7.5 cents, or 0.5%, to $14.36 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight

In LBMA results last week, gold increased 0.9% and palladium advanced 5% while silver slipped 0.4% and platinum lost 1.9%.

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)
Monday Last Week October November 2018 Sales
$100 American Eagle 1 Oz Platinum Coin* 0 0 0 0 30,000
$50 American Eagle 1 Oz Gold Coin 0 1,000 21,000 5,000 177,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 4,000 2,000 30,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 2,000 2,000 62,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 10,000 15,000 225,000
$50 American Buffalo 1 Oz Gold Coin 0 1,000 6,500 3,000 117,500
$1 American Eagle 1 Oz Silver Coin 0 865,000 1,430,000 1,270,000 14,835,000
Pictured Rocks 5 Oz Silver Coin* 0 0 0 0 30,000
Apostle Islands 5 Oz Silver Coin* 0 0 0 0 30,000
Voyageurs 5 Oz Silver Coin* 0 0 0 0 30,000
Cumberland Island 5 Oz Silver Coin 0 0 0 0 52,500

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of