Gold Ends Flat Wednesday, Aug. 21

by CoinNews.net on August 21, 2019 · 0 comments

Several 999.9 gold bullion bars

Gold futures closed unchanged Wednesday, Aug. 21

There was little movement Wednesday in gold and silver futures. Gold, in fact, finished unchanged for the day.

Gold for December delivery ended flat at $1,515.70 an ounce on the Comex division of the New York Mercantile Exchange.

"The main trend remains bullish, with further rallies that seems likely in the medium term, while in the short term the scenario is lateral, with prices that could draw a lateral range between $1,475 and $1,530," MarketWatch quoted Carlo Alberto De Casa, chief analyst at brokerage ActivTrades, in a Wednesday research note.

Gold futures ranged from a low of $1,506.50 to a high of $1,518.40. They rose 0.3% on Tuesday and slipped 0.8% on Monday. Last Thursday, they finished at $1,531.20 an ounce for their strongest settlement since April 11, 2013.

Silver for September delivery edged up less than a half cent to close at $17.151 an ounce. Silver futures traded between $16.97 and $17.18. They rose 1.2% on Tuesday and declined 0.3% on Monday. Last Wednesday, they closed at $17.28 an ounce for their highest settlement since ending at $17.441 an ounce on Jan. 26, 2018.

In PGM futures on Wednesday:

  • October platinum added $5.30, or 0.6%, to $858.10 an ounce, ranging from $842.60 to $859.10.

  • Palladium for September dropped $24.20, or 1.6%, to $1,465.50 an ounce, trading between $1,457.20 and $1,488.50.

London Precious Metals Prices

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

  • Gold declined $1.30, or 0.09%, to $1,503.25 an ounce.
  • Silver added 9 cents, or 0.5%, to $17.11 an ounce.

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

US Mint 2019 Bullion Sales

The United States Mint sales rose by190,000 ounces in American Silver Eagles.

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)
Wednesday Last Week This Week July August 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 1,500 2,500 2,500 5,000 86,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 3,000 1,000 23,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 2,000 0 28,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 15,000 0 160,000
$50 American Buffalo 1 Oz Gold Coin 0 0 0 500 1,000 49,000
$1 American Eagle 1 Oz Silver Coin 190,000 222,000 647,000 1,240,000 869,000 12,131,000
War in the Pacific 5 Oz Silver Coin 0 0 4,500 57,000 12,500 69,500
American Memorial Park 5 Oz Silver Coin* 0 0 2,000 0 2,000 80,000
Lowell 5 Oz Silver Coin* N/A 80,000
$100 American Eagle 1 Oz Platinum Coin* N/A 40,000

 

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