Precious Metals Rise Tuesday, Nov. 19

by CoinNews.net on November 19, 2019 · 0 comments

Gold Changed Slightly This Week

Gold futures rose 0.2% on Tuesday, Nov. 19

Precious metals futures registered gains Tuesday ranging from 0.2% for gold to 1.9% for both platinum and palladium.

Gold for December delivery climbed $2.40 to settle at $1,474.30 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is awaiting more clarification on the US/China trade front," MarketWatch quoted James Hatzigiannis, senior strategist at Long Leaf Trading Group. "Until there is a clear indication straight from the US or China on the trade deal, gold will just hang out at this level for the time being."

Gold futures ranged from a low of $1,465.10 to a high of $1,475.80. They also edged 0.2% higher on Monday.

Silver for December delivery gained 11.8 cents, or 0.7%, to settle at $17.118 an ounce. Silver futures traded between $16.93 and $17.16. They rose 0.3% on Monday.

In other precious metals futures prices on Tuesday:

  • January platinum moved up $17.30 to $912.30 an ounce, ranging from $895.80 to $914.30.

  • Palladium for December delivery tacked on $33 to $1,737.40 an ounce, trading between $1,680 and $1,742.40.

London Precious Metals Prices

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

  • Gold added 80 cents, or 0.05%, to $1,468.45 an ounce.
  • Silver rose 33 cents, 2%, to $17.125 an ounce.

In LBMA results last week, gold climbed 0.2% and silver rose 0.4%.

US Mint 2019 Bullion Sales

U.S. 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 Last Week This Week October November 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 5,000 3,000 8,000 8,000 106,000
$25 American Eagle 1/2 Oz Gold Coin 0 3,000 0 1,000 5,000 30,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 4,000 2,000 36,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 20,000 0 190,000
$50 American Buffalo 1 Oz Gold Coin 0 2,500 2,500 3,000 5,000 60,000
$1 American Eagle 1 Oz Silver Coin 0 65,000 233,000 1,110,500 463,000 14,863,500
Frank Church River of No Return Wilderness 5 Oz Silver Coin 0 N/A 13,500 N/A 13,500 13,500
San Antonio Missions 5 Oz Silver Coin 0 0 0 17,500 0 55,200
War in the Pacific 5 Oz Silver Coin 0 0 0 500 0 72,500
American Memorial Park 5 Oz Silver Coin* 0 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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