Gold Logs Eleventh Gain in Twelve Sessions

by CoinNews.net on June 13, 2019 · 0 comments

Gold bullion and nuggets

Gold prices rose 0.5% on Thursday, June 13

For a second straight day, gold, silver and palladium gained while platinum declined. Gold’s win was its eleventh in twelfth sessions.

Gold for August delivery settled up $6.90, or 0.5%, to $1,343.70 an ounce on the Comex division of the New York Mercantile Exchange.

"While the Fed might not be moving toward a ‘July’ rate cut, enough analysts in the marketplace are predicting the Fed is moving to cut and that underpins gold and silver prices above the June lows," said analysts at Zaner Metals according to MarketWatch.

Gold futures ranged from a low of $1,335.90 to a high of $1,347. They added 0.4% on Wednesday, gained 0.1% on Tuesday, and fell 1.3% on Monday. Last Friday, they ended at $1,346.10 an ounce for their highest settlement since Feb. 20.

Silver for July delivery rose 13.9 cents, or 0.9%, to close at $14.892 an ounce. Silver futures traded between $14.72 and $14.93. They climbed almost 0.1% on Wednesday, moved up 0.7% on Tuesday, and tumbled 2.6% on Monday.

In other precious metals futures prices Thursday:

  • July platinum declined $1.10, or 0.1% to $809.40 an ounce, ranging from $805.40 to $814.80.

  • Palladium for September delivery surged $32.60, or 2.3%, to $1,438.20 an ounce, trading between $1,398 and $1,442.60.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:

  • Gold gained $3.55, or 0.3%, to $1,335.90 an ounce.
  • Silver edged up a half cent to $14.795 an ounce.

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

US Mint 2019 Bullion Sales

United States Mint bullion sales rose by a combined 3,000 ounces in gold coins. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Thursday Last Week This Week April May June 2019 Sales
$50 American Eagle 1 Oz Gold Coin 1,000 500 3,000 6,500 3,500 3,500 77,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 0 0 19,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 2,000 0 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 25,000 5,000 5,000 145,000
$50 American Buffalo 1 Oz Gold Coin 2,000 1,000 2,000 6,500 3,000 3,000 47,500
$1 American Eagle 1 Oz Silver Coin 0 223,500 326,500 1,196,000 866,000 550,000 9,537,000
American Memorial Park 5 Oz Silver Coin 0 0 0 N/A 78,000 0 78,000
Lowell 5 Oz Silver Coin* N/A 80,000
$100 American Eagle 1 Oz Platinum Coin* N/A 6,500 N/A 0 40,000

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of