Gold Settles At More Than Six Month High

by CoinNews.net on December 24, 2018 · 0 comments

Two gold bullion bars

Gold prices gained 1.1% Monday, Dec. 24

Most precious metals futures rose Monday. Platinum was the exception, easing 0.8%. Gold finished at its best price in more than six months.

Gold for February delivery tacked on $13.70, or 1.1%, to settle at $1,271.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since June 15 when gold ended at $1,278.50 an ounce.

" think we are still very much on track to touch the year-end target of $1,275 [for gold] and the continuing situation in the U.S. can easily lead us there," MarketWatch quoted Naeem Aslam, chief market analyst with Think Markets UK. "Any weakness in the stock markets would fuel the current rally."

Gold futures ranged from a low of $1,260 to a high of $1,273.90. They advanced 1.4% last week.

Elsewhere, silver for March delivery rose 11.8 cents, or 0.8%, to settle at $14.82 an ounce. Silver futures traded between $14.71 and $14.88. They gained 0.4% last week. On Thursday, the precious metal marked its best close since Aug. 14.

In other precious metals futures prices Monday:

  • January platinum declined $6.40 to $789.40 an ounce, ranging from $788.30 to $798.30.

  • Palladium for March delivery gained $17.40, or 1.5%, to $1,176.10 an ounce, trading between $1,158 and $1,177.60. Last Wednesday, palladium ended at a record of $1,201.30 an ounce.

The pair divided last week with platinum rising 1.3% and palladium dropping 1.1%.

London Precious Metals Prices

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

  • Gold rose $3.10, or 0.3%, to $1,261.25 an ounce.
  • Silver declined 1.5 cents, or 0.1%, to $14.675 an ounce.

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

In LBMA results last week, pricing gains totaled 1.9% for gold, 0.8% for both silver and platinum, and 0.7% for palladium.

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 November December 2018 Sales
$100 American Eagle 1 Oz Platinum Coin* 0 0 0 0 30,000
$50 American Eagle 1 Oz Gold Coin 0 0 16,000 2,000 190,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 4,000 0 32,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 0 62,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 20,000 0 230,000
$50 American Buffalo 1 Oz Gold Coin 0 0 5,500 1,500 121,500
$1 American Eagle 1 Oz Silver Coin 0 100,000 1,645,000 350,000 15,560,000
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 0 80,000 0 80,000

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of