Gold, silver and palladium futures advanced together for a second straight session Monday, while platinum stretched is losing streak to two in a row. In yet another milestone, palladium posted its seventh consecutive record settlement.
Gold for February delivery rose $1.80, or 0.1%, to settle at $1,291.30 an ounce on the Comex division of the New York Mercantile Exchange.
"The gold trade is continuing to become more fashionable as investors’ appetites grow. Indeed, the climb in geopolitical concerns are behind what is now developing to be a new bull run," MarketWatch quoted Peter Cardillo, chief market economist at Spartan Capital Securities. "We continue to look for higher prices and think a breakout above $1300 is around the corner."
Gold futures ranged from a low of $1,287.70 to a high of $1,296.60. They edged up 0.3% last week.
Elsewhere, silver for March delivery added 3 cents, or 0.2%, to close at $15.686 an ounce. Silver futures traded between $15.85 and $15.70. They declined 0.8% last week.
In other precious metals futures prices Monday:
April platinum dropped $15.50, or 1.9%, to $802.50 an ounce, ranging from $801.50 to $816.70.
- Palladium for March delivery added $3.30, or 0.3%, to $1,282 an ounce — another record settlement. Palladium traded between $1,273.30 and $1,297.30.
Last week, platinum declined 1.1% but palladium surged 3.6%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM
- Gold rose $3.80, or 0.3%, to $1,292.75 an ounce.
- Silver declined 6.5 cents, or 0.4%, to $15.615 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight
In LBMA prices last week, silver inched down 0.2% while the others gained — 0.7% for gold, 2.8% for platinum, and 4.6% for palladium.
US Mint 2019 Bullion Sales
United States Mint bullion sales were unchanged as of 4:26 p.m. EST. 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||December||2018 Sales||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||22,800||0||30,000||22,800|
|$50 American Eagle 1 Oz Gold Coin||0||32,000||3,000||191,000||32,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||13,000||0||32,000||13,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||16,000||0||62,000||16,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||60,000||0||230,000||60,000|
|$50 American Buffalo 1 Oz Gold Coin||0||18,500||1,500||121,500||18,500|
|$1 American Eagle 1 Oz Silver Coin||0||2,846,000||490,000||15,700,000||2,846,000|