Precious metals rose Monday, registering gains ranging from nearly 0.1% for gold to 1.3% for both platinum and palladium. Gold closed at an almost two-week high.
Gold for August delivery climbed $1.30 to settle at $1,413.15 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since July 3 when gold ended at $1,420.90 an ounce for a more than six-year high.
"Gold price action has been pretty choppy, but I could see us traversing $1,380-$1,440 from now until the Fed meeting in end-July, perhaps even more than once," Reuters quoted Tai Wong, head of base and precious metals derivatives trading at BMO.
Gold futures ranged from a low of $1,409.30 to a high of $1,421.60. They rose last week by 0.9%.
Posting their fifth gain in six sessions, silver for September delivery tacked on 12.9 cents, or 0.9%, to settle at $15.365 an ounce. Silver futures traded between $15.18 and $15.39. They moved 1.6% higher last week.
In other precious metals futures prices Monday:
October platinum added $10.60 to $845.20 an ounce, ranging from $832.30 to $850.60.
- Palladium for September delivery advanced $20.50 to $1,562.90 an ounce, trading between $1,540.60 and $1,568.90. Last Wednesday, palladium notched a record settlement of $1,588.10 an ounce.
Last week, platinum advanced 2.9% and palladium declined 1.4%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold rose $4.80 or 0.3%, to $1,412.40 an ounce.
- Silver added 18 cents, or 1.2%, to $15.32 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
In LBMA results last week, gold gained 1.4% as the others logged declines totaling 0.5% for silver, 0.8% for platinum, and 1.3% for palladium.
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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Monday||Last Week||June||July||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||4,500||0||78,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||1,000||20,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||2,000||28,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||5,000||5,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||3,000||0||47,500|
|$1 American Eagle 1 Oz Silver Coin||0||262,000||1,035,000||262,000||10,284,000|
|American Memorial Park 5 Oz Silver Coin||0||0||0||0||78,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||40,000|