Gold Logs Another 6-Year High; Silver Marks 1-Year High

by CoinNews.net on July 18, 2019 · 0 comments

Gold Bullion, five bars

Gold futures scored their highest close since May 13, 2013

Most precious metals gained Thursday. Gold settled at a fresh, more than six-year high while silver closed at a more than one-year high.

Gold for August delivery gained $4.80, or 0.3%, to settle at $1,428.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since May 13, 2013 when the yellow metal ended at $1,434.30 an ounce.

"The dollar has resumed lower, and this has allowed gold to find renewed buying interest following Wednesday’s rally," Reuters quoted Fawad Razaqzada, market analyst with Forex.com.

Gold futures ranged from a low of $1,415.60 to a high of $1,431.90. They rose 0.9%, shed 0.2% on Tuesday, and rose nearly 0.1% on Monday.

Logging their eighth gain in nine sessions, silver for September delivery added 22.7 cents, or 1.4%, to settle at $16.198 an ounce. The finish was the highest since June 29, 2018 when silver also ended at $16.198 an ounce. Silver futures traded between $15.96 and $16.20. They jumped 1.9% on Wednesday, advanced 2% on Tuesday, and gained 0.9% on Monday.

In other precious metals futures Thursday:

  • October platinum moved up $2.80, or 0.3%, to $849.90 an ounce, ranging from $846.60 to $857.50.

  • Palladium for September delivery declined $31.30, or 2%, to $1,511.90 an ounce, trading between $1,505.80 and $1,548.30. A week ago Wednesday, July 10, palladium notched a record settlement of $1,588.10 an ounce.

London Precious Metals Prices

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

  • Gold gained $7.10, or 0.5%, to $1,417.45 an ounce.
  • Silver added 42 cents, or 2.7%, to $16.03 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 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)
Thursday Last Week This Week June July 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 500 4,500 500 79,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 1,000 0 2,000 21,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 0 2,000 28,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 5,000 5,000 150,000
$50 American Buffalo 1 Oz Gold Coin 0 0 0 3,000 0 47,500
$1 American Eagle 1 Oz Silver Coin 0 262,000 75,000 1,035,000 337,000 10,359,000
American Memorial Park 5 Oz Silver Coin 0 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

 

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