Palladium Logs Another Record Settlement; Gold Rises

by CoinNews.net on October 14, 2019 · 1 comment

One gold bullion bar and graph

Gold futures rose 0.6% on Monday, Oct. 14

Most precious metals registered gains Monday. Palladium logged another new record while gold finished ahead for the first time in three sessions.

Gold for December delivery settled up $8.90, or 0.6%, to $1,497.60 an ounce on the Comex division of the New York Mercantile Exchange.

"Reassessment — which is why gold is seeing a little fluctuation below 1,500, it’s a reassessment of the Chinese trade deal, the Brexit and of what the U.S. Federal Reserve may or may not do going forward," Reuters quoted George Gero, managing director at RBC Wealth Management.

"The dollar index is up and keeps gold from a major rally, because international investors are buying U.S. securities using dollars."

Gold futures ranged from a low of $1,487.10 to a high of $1,501.50. They dropped 1.6% last week.

Silver for December delivery added 16.6 cents, or 1%, to close at $17.71 an ounce. Silver futures traded between $17.45 and $17.74. They gave back 0.2% last week.

In other precious metals futures prices on Monday:

  • January platinum shed 90 cents, or 0.1%, to $899.40 an ounce, ranging from $894.50 to $906.10.

  • Palladium for December delivery advanced $16.90, or 1%, to a record settlement of $1,687 an ounce. Palladium traded between $1,657.30 and $1,688.60.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:

  • Gold rose $11.45, or 0.8%, to $1,490.60 an ounce.
  • Silver added a half penny to $17.605 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)
Monday Last Week September October 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 2,000 3,500 3,500 93,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 0 24,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 2,000 4,000 34,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 10,000 15,000 185,000
$50 American Buffalo 1 Oz Gold Coin 0 0 1,000 0 50,500
$1 American Eagle 1 Oz Silver Coin 0 255,000 1,021,000 535,000 13,825,000
San Antonio Missions 5 Oz Silver Coin 0 12,500 37,700 17,000 54,700
War in the Pacific 5 Oz Silver Coin 0 500 2,500 500 72,500
American Memorial Park 5 Oz Silver Coin* 0 0 0 0 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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19EK 2019 AM EAGLE PALLADIUM PROOF 1 OZ 14,995 + 207