Gold, silver and platinum futures traded lower Monday. Palladium, meanwhile, registered another record settlement.
Gold for December delivery declined $9.50, or 0.6%, to settle at $1,495.80 an ounce on the Comex division of the New York Mercantile Exchange.
"It’s a risk-on sentiment – people are getting out of the safe-haven trade, out of gold and going into equities," Reuters quoted Phillip Streible, senior commodities strategist at RJO Futures.
Gold futures ranged from a low of $1,492.30 to a high of $1,510.80. They finished 0.8% higher last week, ending Friday at their best price since Oct. 9.
Silver for December delivery dipped 5 cents, or 0.3%, to settle at $17.876 an ounce. Silver futures traded between $17.78 and $18.15. They rallied last week by 2%, closing Friday at their highest price since Sept. 25.
In other precious metals futures Monday:
January platinum lost $14.30, or 1.5%, to $919 an ounce, ranging from $917.30 to $938.50.
- Palladium for December delivery tacked on $35.10, or 2%, to a record settlement of $1,779.30 an ounce. Palladium futures traded between $1,740.40 and $1,784.90.
Last week, platinum soared 4.2% and palladium rose 1.6%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold fell $21.05, or 1.4%, to $1,492.40 an ounce.
- Silver declined 7 cents, or 0.4%, to $18.055 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
In LBMA results last week, metal prices rose 6% for gold, 4% for silver, and 5.1% for platinum.
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||0||3,500||8,000||98,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||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||0||10,000||20,000||190,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||2,500||3,000||55,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||1,021,000||943,500||14,233,500|
|San Antonio Missions 5 Oz Silver Coin||0||0||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|