Metals Rise Again; Palladium Posts Sixth Straight Record

by CoinNews.net on December 11, 2019 · 0 comments

Fine Gold Bullion 999.9

Gold futures climbed 0.5% on Wednesday, Dec. 11

Precious metals futures on Wednesday advanced together for a second day in a row. Gains ranged from 0.5% for gold to 1.8% platinum. Palladium posted its sixth consecutive record settlement.

Gold for February delivery rose $6.90 to settle at $1,475 an ounce on the Comex division of the New York Mercantile Exchange.

Gold futures ranged from a low of $1,466.90 to a high of $1,477.40. They gained 0.2% on Tuesday and they dipped 0.01% on Monday, marking their lowest settlement since Nov. 27.

Silver for March delivery tacked on 14.7 cents, or 0.9%, to settle at $16.849 an ounce. Silver futures traded between $16.65 and $16.91. They moved up 0.4% on Tuesday and they ticked 0.3% higher on Monday.

In PGM futures on Wednesday:

  • January platinum settled up $16.90 to $939.50 an ounce, ranging from $915.80 to $947.50.

  • Palladium for March delivery added $16, or 0.9%, to a record settlement of $1,885.10 an ounce. Palladium traded between $1,865 and $1,892.

London Precious Metals Prices

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

  • Gold rose $1.85, or 0.1%, to $1,466.80 an ounce.
  • Silver shed 1.5 cents, or 0.09%, to $16.66 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)
Wednesday / 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

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of