Precious metals futures continued to register losses Monday following their heavy losses on Friday.
Gold for December delivery lost $5.80, or 0.4%, to close at $1,457.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Aug. 1.
"U.S. stock indexes are mixed at midday but not far below their recent record highs. The bull market run in the U.S. stock market is a bearish factor that is keeping money from flowing into the safe-haven metals," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,448.90 to a high of $1,467.40. They declined 3.2% last week.
Silver for December delivery shed 2.1 cents, or 0.1%, to finish at $16.802 an ounce. The settlement was the lowest since Aug. 6. Silver futures traded between $16.63 and $16.91. They sank 6.8% last week.
In other precious metals futures prices Monday:
January platinum fell $12.50, or 1.4%, to $880.60 an ounce, ranging from $875.80 to $894.90.
- Palladium for December delivery lost $52.60, or 3.1%, to $1,656 an ounce, trading between $1,644.30 and $1,724.30.
Last week, platinum dropped 6.4% and palladium declined 4.2%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold declined $5.45, or 0.4%, to $1,458.70 an ounce.
- Silver rose 7 cents, 0.4%, to $16.88 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
In LBMA results last week, gold declined 3%, silver fell 7.2%, platinum dropped 5% and palladium shed 1.8%.
US Mint 2019 Bullion Sales
United States Mint bullion sales were unchanged Monday. 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||October||November||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||8,000||0||98,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||1,000||2,000||27,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||4,000||0||34,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||20,000||0||190,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||3,000||0||55,000|
|$1 American Eagle 1 Oz Silver Coin||0||165,000||1,110,500||165,000||14,565,500|
|San Antonio Missions 5 Oz Silver Coin||0||0||17,500||0||55,200|
|War in the Pacific 5 Oz Silver Coin||0||0||500||0||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|