Palladium futures logged another record in their start on Monday to the new trading week and month. Other metals, however, declined.
Gold for February delivery shed $3.50, or 0.2%, to settle at $1,469.20 an ounce on the Comex division of the New York Mercantile Exchange.
"A sudden rise in risk aversion among market participants on Friday allowed the gold price to gain by a good $10 to $1,465 per troy ounce in a matter of hours," MarketWatch quoted Daniel Briesemann, analyst at Commerzbank, in a note. "Relatively good Chinese data" caused the gold prices to correct again on Monday, he added.
Gold futures ranged from a low of $1,459.80 to a high of $1,471.70. They advanced 0.6% last week, trimming their loss in November to 2.8%.
Silver for March delivery declined 14 cents, or 0.8%, to close at $16.966 an ounce. Silver futures traded between $16.89 and $17.10. They also gained 0.6% last week, while plunging 5.3% in November.
In other precious metals futures prices on Monday:
January platinum slipped 70 cents, or 0.08%, to $899.70 an ounce, ranging from $892.80 to $906.30.
- Palladium for March delivery tacked on $14.60, or 0.8%, to a record settlement of $1,824.70 an ounce. Palladium traded between $1,808.70 and $1,835.40.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold rose $1, or 0.07%, to $1,461.15 an ounce.
- Silver dipped 9 cents, or 0.5%, to $16.875 an ounce.
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 / This Week / December||Last Week||October||November||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||8,000||8,000||106,000|
|$25 American Eagle 1/2 Oz Gold Coin*||0||0||1,000||5,000||30,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||4,000||2,000||38,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||20,000||0||195,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||3,000||5,000||60,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||1,110,500||463,000||14,863,500|
|Frank Church River of No Return Wilderness 5 Oz Silver Coin||0||6,500||N/A||20,000||20,000|
|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|