Aside from gold, precious metals gained in their start to the new trading week Monday. Palladium rallied to another record.
Gold for February delivery dipped 70 cents, or 0.05%, to settle at $1,480.50 an ounce on the Comex division of the New York Mercantile Exchange.
"The safe-haven metals bulls are hanging tough in the face of a geopolitical atmosphere that has brightened recently. A depreciating greenback on the world foreign exchange market is limiting selling interest in 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 $1,477.40 to a high of $1,484.50. They advanced 1.1% last week.
Silver for March delivery tacked on 10.1 cents, or 0.6%, to settle at $17.113 an ounce. Silver futures traded between $16.95 and $17.14. They jumped last week by 2.5%.
In other precious metals futures prices on Monday:
January platinum rose $2.50, or 0.3%, to $931.30 an ounce, ranging from $927.80 to $938.30.
- Palladium for March delivery soared $72, or 3.8%, to $1,963.60 an ounce, trading between $1,907.10 and $1,969.80.
Last week, platinum moved ahead 3.3% and and palladium gained 2.5%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold rose $11.30, or 0.8%, to $1,477.90 an ounce.
- Silver added 8.5 cents, or 0.5%, to $17.02 an ounce.
In LBMA results last week, gold gained 0.5% while silver was near unchanged with a half-cent loss.
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)|
|Monday||Last Week||November||December||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||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||0||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|