Gold and Silver Edge 0.1% Higher Monday, April 22

by CoinNews.net on April 22, 2019 · 0 comments

closeup of gold bullion

Gold futures rose 0.1% on Monday, April 22

Precious metals futures were mixed Monday with gold and silver finishing slightly higher and platinum and palladium ending lower.

Gold for June delivery rose $1.60, or 0.1%, to close at $1,277.60 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold got a bit of a safe-haven bid overnight due to rising tensions between the U.S. and Iran," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a note. "However, those gains were lost during the U.S. day session as trader and investor attitudes are still generally upbeat amid U.S. stock index prices that are trending higher and not far below their record highs scored last fall."

Gold futures ranged from a low of $1,277.40 to a high of $1,281.90. They gave back 1.5% in the holiday-shortened trading time last week — their fourth straight weekly decline — and ended at their lowest level since Dec. 26.

Silver for May delivery gained 2 cents, or 0.1%, to settle at $14.975 an ounce. Silver futures traded between $14.96 and $15.04. They shed less than 0.1% last week.

In other precious metals futures Monday:

  • July platinum fell $1.50, or 0.2%, to $902.20 an ounce, ranging from $897.60 to $918.30.

  • Palladium for June delivery dropped $28.70, or 2.1%, to $1,369.80 an ounce, trading between $1,360 and $1,417.20.

Last week, platinum rose 0.6% and palladium jumped 3.6%.

London Precious Metals Prices

London markets shut down for Good Friday and Easter Monday holiday. The most recent price changes from Wednesday PM to Thursday PM had:

  • Gold down 15 cents to $1,275.70 an ounce.
  • Silver down 4.5 cent, or 0.3%, to $14.955 an ounce.
  • Platinum down $4, or 0.5%, to $890 an ounce.
  • Palladium down $25, or 1.8%, to $1,395 an ounce.

In LBMA results for the last week, palladium rose 2.2% while other metal prices registered losses of 1.4% for gold, 0.7% for silver and 1% for platinum.

US Mint 2019 Bullion Sales

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 February March April 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 500 2,400 4,000 2,100 35,600
$50 American Eagle 1 Oz Gold Coin 0 0 11,000 8,500 3,000 67,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 1,000 1,000 19,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 4,000 2,000 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 15,000 15,000 10,000 130,000
$50 American Buffalo 1 Oz Gold Coin 0 500 6,000 5,500 4,500 39,500
$1 American Eagle 1 Oz Silver Coin 0 0 2,057,500 850,000 550,000 7,475,000
Lowell 5 Oz Silver Coin 0 0 N/A 80,000 0 80,000

 

 

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