Precious metals posted gains Tuesday that ranged from 0.4% for palladium to 2.9% for silver. Silver marked its best close in more than two years and gold reclaimed its more than six-year high.
Gold for December delivery tacked on $14.60, or 1%, to settle at $1,551.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since April 11, 2013 when gold ended at $1,564.90 an ounce.
"Overall if trade tensions remain elevated, gold can count on this issue as being flat out supportive," MarketWatch quoted Stephen Innes, managing partner at Valour Markets, in a note. "From my seat, it sure feels like the risk roller coaster has crested and may be setting up for the next drop soon."
Gold futures ranged from a low of $1,535.30 to a high of $1,554.50. They dipped 0.03% on Monday.
Silver for September delivery soared 51.2 cents to close at $18.153 an ounce. The settlement was the strongest since April 19, 2017, when the precious metal finished at $18.162 an ounce. Silver futures ranged from a low of $17.61 to a high of $18.19. They gained 1.3% on Monday.
In other precious metals futures prices on Tuesday:
October platinum rose $10.40, or 1.2%, to $868.20 an ounce, trading between $857.60 and $871.70.
- Palladium for September added $6 to $1,478.30 an ounce, ranging from $1,467 to $1,480.40.
London Precious Metals Prices
London market closed Monday for Summer Bank Holiday. In comparing fixed London gold and silver prices from Friday PM to Tuesday PM:
- Gold gained $29.95, or 2%, to $1,532.95 an ounce.
- Silver surged 67.5 cents, or 4%, to $17.725 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 advanced by a combined 1,000 ounces in gold coins and by 138,000 ounces in silver 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)|
|Tuesday / This Week||Last Week||July||August||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||500||2,500||2,500||5,500||86,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||3,000||1,000||23,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||0||28,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||15,000||0||160,000|
|$50 American Buffalo 1 Oz Gold Coin||500||0||500||1,500||49,500|
|$1 American Eagle 1 Oz Silver Coin||138,000||647,000||1,240,000||1,007,000||12,269,000|
|War in the Pacific 5 Oz Silver Coin||0||4,500||57,000||12,500||69,500|
|American Memorial Park 5 Oz Silver Coin*||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|