Gold Ends Modestly Lower For Third Straight Session

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Gold Bullion
Gold prices shed 0.04% Tuesday, Oct. 22

Gold futures ended slightly lower for a third straight session Tuesday. Silver also finished off on the day after rising on Monday. Platinum and palladium, meanwhile, gained.

Gold for December delivery edged 60 cents, or 0.04%, lower to settle at $1,487.50 an ounce on the Comex division of the New York Mercantile Exchange.

Gold futures ranged from a low of $1,484 to a high of $1,492.10. They declined 0.4% on Monday.

"Gold and silver appear to be on a fulcrum, as some renewed optimism on trade is offering pressure, but the upcoming Brexit vote(s) in Parliament is adding a level support," analysts at Zaner Metals wrote in a daily note reported by MarketWatch.

Silver for December delivery slipped 10.2 cents, or 0.6%, to settle at $17.50 an ounce. Silver futures traded between $17.44 and $17.68. They rose 0.1% on Monday.

In other precious metals futures prices Tuesday:

  • January platinum gained $3.80, or 0.4%, to $896 an ounce, ranging from $887.80 to $896.40.

  • Palladium for December delivery added $3.20, or 0.2%, to $1,728.50 an ounce, trading between $1,720.90 and $1,739.70. Last Wednesday, they scored a record settlement of $1,735 an ounce.

London Precious Metals Prices

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

  • Gold declined $6.30, or 0.4%, to $1,485.35 an ounce.
  • Silver fell 10 cents, or 0.6%, to $17.625 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)
Tuesday / This Week Last Week September October 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 4,500 3,500 8,000 98,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 1,000 1,000 25,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 4,000 34,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 10,000 20,000 190,000
$50 American Buffalo 1 Oz Gold Coin 0 3,000 2,500 3,000 55,000
$1 American Eagle 1 Oz Silver Coin 0 408,500 1,021,000 943,500 14,233,500
San Antonio Missions 5 Oz Silver Coin 0 500 37,700 17,500 55,200
War in the Pacific 5 Oz Silver Coin 0 0 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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