Precious metals futures settled ahead Monday. Gold’s second straight daily gain lifted it above $1,300 an ounce and for its highest close in about one and a half weeks.
Gold for June delivery rose $6.30, or 0.5%, to close at $1,301.90 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since March 27.
"There’s a little bit of easing risk appetite, the U.S. dollar is weak and we saw Chinese central bank’s acquisition of gold for a fourth month. A combination of all these factors have moved gold into the $1,300s," Reuters quoted Bart Melek, head of commodity strategies at TD Securities in Toronto.
Gold futures ranged from a low of $1,295.50 to a high of $1,307.90. They shed 0.2% last week.
Silver for May delivery settled up 13 cents, or 0.9%, to $15.216 an ounce. Silver futures traded between $15.07 and $15.28, Like gold, they declined last week by 0.2%.
In other precious metals futures Monday:
July platinum rose $7.50, or 0.8%, to settle at $912.90 an ounce, ranging from $905.10 to $920.40.
- Palladium for June delivery added $7.20, or 0.5%, to $1,353.10 an ounce, trading between $1,335.20 and $1,364.30.
The pair last week logged respective gains of 6% and 0.3%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM
- Gold rose $11.55, or 0.9%, to $1,300 an ounce.
- Silver declined 5.5 cents, or 0.4%, to $15.14 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
In LBMA results last week, silver gained 0.6% and platinum jumped 6.2% while gold fell 0.5% and platinum declined 2.7%.
US Mint 2019 Bullion Sales
United States Mint bullion sales moved up by 500 ounces in American Gold Eagles and by 500 ounces in American Gold Buffalos.
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||February||March||April||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||1,100||2,400||4,000||1,100||34,600|
|$50 American Eagle 1 Oz Gold Coin||500||2,000||11,000||8,500||2,500||66,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||1,000||1,000||0||17,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||4,000||2,000||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||10,000||15,000||5,000||120,000|
|$50 American Buffalo 1 Oz Gold Coin||500||3,000||6,000||5,500||3,500||38,500|
|$1 American Eagle 1 Oz Silver Coin||0||550,000||2,157,500||850,000||550,000||7,575,000|
|Lowell 5 Oz Silver Coin||0||0||N/A||80,000||0||80,000|