Most precious metals ended lower in their start to the new trading week Monday. Palladium was the exception, rising 1.6%.
Gold for April delivery declined $8.20, or 0.6%, to settle at $1,291.10 an ounce on the Comex division of the New York Mercantile Exchange.
"For the most part, investors are still most interested in the equity markets and are not finding a need for any safe-haven products at this time," Reuters quoted Walter Pehowich, executive vice president of investment services at Dillon Gage Metals.
Gold futures ranged from a low of $1,290.60 to a high of $1,299.20. They rose less than 10 cents last week.
Silver for May delivery fell 7.5 cents, or 0.5%, to close at $15.274 an ounce. Silver futures traded between $15.22 and $15.37. They climbed last week by 0.6%.
In other precious metals futures Monday:
April platinum dipped 80 cents, or 0.1%, to $816.80 an ounce, ranging from $813.10 to $818.80.
- Palladium for June delivery tacked on $23 to $1,482 an ounce, trading between $1,463.20 and $1,480.
Both metals registered losses last week with platinum plunging 5.3% and palladium falling 3.1%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM
- Gold declined $4, or 0.3%, to $1,292.75 an ounce.
- Silver added 18 cents, or 1.2%, to $15.295 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
LBMA prices last week fell with losses of 1.2% for gold, 2.9% for silver, 5.2% for platinum, and 2.8% for palladium.
US Mint 2019 Bullion Sales
U.S. Mint bullion products registered increases of 10,500 ounces in gold coins; 974,000 ounces in silver coins; and 1,500 ounces in platinum coins.
A portion of the silver sales included the first 2019-dated America the Beautiful Five Ounce Silver Bullion Coin. Emblematic of Lowell National Historical Park in Massachusetts — just like the companion quarter, its first-day sales reached 39,000 coins for 195,000 ounces.
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||January||February||March||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||1,500||0||27,100||2,400||1,500||31,000|
|$50 American Eagle 1 Oz Gold Coin||5,500||1,500||44,500||11,000||7,000||62,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||15,000||1,000||0||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||4,000||0||20,000||0||4,000||24,000|
|$5 American Eagle 1/10 Oz Gold Coin||5,000||0||90,000||10,000||5,000||105,000|
|$50 American Buffalo 1 Oz Gold Coin||3,500||500||23,500||6,000||4,000||33,500|
|$1 American Eagle 1 Oz Silver Coin||779,000||0||4,017,500||2,157,500||779,000||6,954,000|
|Lowell 5 Oz Silver Coin||39,000||N/A||39,000||39,000|