Metals Rise; Palladium Logs Fifth Straight Record

by CoinNews.net on December 10, 2019 · 0 comments

Bullion Bar and Gold Bullion Coins

Gold closed 0.2% higher Tuesday, Dec. 10

Precious metals futures made gains Tuesday that ranged from 0.2% for gold to 2.7% for platinum. Palladium logged its fifth straight record settlement.

Gold for February delivery climbed $3.20 to settle at $1,468.10 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold continues to see some soft haven demand in Asia, but interest remains low. U.S. consumers’ inflation expectations rose slightly in November, bringing the outlook for near and medium-term inflation up from five-year low in the New York Federal Reserve survey has probably kept the bid under gold in Asia," MarketWatch quoted Stephen Innes chief Asia market strategist at AxiTrader.

Gold futures ranged from a low of $1,464.20 to a high of $1,473.70. They dipped 0.01% on Monday, marking their lowest settlement since Nov. 27.

Silver for March delivery moved up 6 cents, or 0.4%, to settle at $16.702 an ounce. Silver futures traded between $16.62 and $16.77. They gained 0.3% on Monday.

In rounding out precious metals futures prices on Tuesday:

  • January platinum jumped $24.10 to $922.60 an ounce, ranging from $895.70 to $926.70.

  • Palladium for March delivery tacked on $12.50, or 0.7%, to a record settlement of $1,869.10 an ounce. Palladium traded between $1,851.40 and $1,875.

London Precious Metals Prices

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

  • Gold rose $3.25, or 0.2%, to $1,464.95 an ounce.
  • Silver gained 5.5 cents, or 0.3%, to $16.675 an ounce.

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)
Tuesday / This Week Last Week November December 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 500 8,000 500 106,500
$25 American Eagle 1/2 Oz Gold Coin* 0 0 5,000 0 30,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 0 38,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 0 195,000
$50 American Buffalo 1 Oz Gold Coin 0 0 5,000 0 60,000
$1 American Eagle 1 Oz Silver Coin 0 0 463,000 0 14,863,500
Frank Church River of No Return Wilderness 5 Oz Silver Coin 0 5,000 20,000 5,000 25,000
San Antonio Missions 5 Oz Silver Coin 0 0 0 0 55,200
War in the Pacific 5 Oz Silver Coin 0 0 0 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

 

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