Most precious metals climbed Tuesday. In highlights, gold finished near a 21-week high, silver closed at a 1-month high, and palladium scored another record.
Gold for February delivery advanced $7, or 0.6%, to settle at $1,246.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the best since gold ended at the same price on July 12.
"The safe-haven metals are getting buying support from a big sell-off in the U.S. stock market today," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "The gold market is also benefiting from an improved near-term chart posture that is inviting technical buyers."
Gold futures ranged from a low of $1,235.80 to a high of $1,247.50. They rose 1.1% on Monday.
Silver for March delivery gained 14.1 cents, or 1%, to settle at $14.64 an ounce. The finish was the highest since silver ended at $14.647 an ounce on Nov. 5. Silver futures traded between $14.46 and $14.75. They jumped 2% on Monday.
In other precious metals futures prices on Tuesday:
January platinum declined $6.50, or 0.8%, to $804.20 an ounce, ranging from $799.60 to $811.20.
- Palladium for March delivery added $14.60, or 1.3%, to $1,180.20 an ounce — a fresh record. Palladium traded between $1,155.50 and $1,189.50.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold rose $10, or 0.8%, to 1,240.30 an ounce.
- Silver added 16 cents, or 1.1%, to $14.545 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 / December||November||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||11,000||0||16,000||188,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||0||4,000||32,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||62,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||20,000||230,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,500||0||5,500||120,000|
|$1 American Eagle 1 Oz Silver Coin||0||375,000||150,000||1,645,000||15,360,000|
|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|
|Block Island 5 Oz Silver Coin||0||80,000||0||80,000||80,000|