Precious metals futures kicked off the new trading week Monday with mostly modest gains.
Gold for December delivery rose $3.40, or 0.2%, to settle at $1,471.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are modestly higher in midday U.S. trading Monday, on a slight downtick in trader and investor risk appetite and some short covering in the futures market. The U.S. dollar index has backed off a bit today, which is also a positive daily element for the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,456.60 to a high of $1,474.40. They edged 0.4% higher last week.
Silver for December delivery added 5.2 cents, or 0.3%, to settle at $17 an ounce. Silver futures traded between $16.70 and $17.03. They advanced 0.7% last week.
In PGM futures on Monday:
January platinum inched up 50 cents, or 0.06%, to $895 an ounce, ranging from $881.10 to $902.
- Palladium for December delivery gained $21.90, or 1.3%, to $1,704.40 an ounce, trading between $1,670.90 and $1,708.30.
Last week, platinum rose 0.2% and palladium declined 1.5%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold added 75 cents, or 0.05%, to $1,467.65 an ounce.
- Silver declined 7.5 cents, 0.4%, to $16.795 an ounce.
In LBMA results last week, gold climbed 0.2% and silver rose 0.4%.
US Mint 2019 Bullion Sales
United States Mint bullion sales advanced by a combined 6,000 ounces in gold coins and by 300,500 ounces in silver coins.
A portion of the silver sales included the last 2019-dated America the Beautiful Five Ounce Silver Bullion Coin. Emblematic of Frank Church River of No Return Wilderness in Idaho — just like the companion quarter released Nov. 4, its first-reported sales reached 13,500 coins for 67,500 ounces.
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||3,000||5,000||8,000||8,000||106,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||3,000||1,000||5,000||30,000|
|$10 American Eagle 1/4 Oz Gold Coin||2,000||0||4,000||2,000||36,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||20,000||0||190,000|
|$50 American Buffalo 1 Oz Gold Coin||2,500||2,500||3,000||5,000||60,000|
|$1 American Eagle 1 Oz Silver Coin||233,000||65,000||1,110,500||463,000||14,863,500|
|Frank Church River of No Return Wilderness 5 Oz Silver Coin||13,500||N/A||13,500||13,500|
|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|