Gold Declines For Second Day Following Ten Straight Session Gains

by CoinNews.net on January 9, 2020 · 0 comments

Partial Photo of Bullion Gold

Gold futures slipped 0.4% on Thursday, Jan. 9

Gold and silver prices ended lower for a second straight session Thursday after logging milestone highs on Tuesday. Palladium stepped back from its prior-day record. Platinum, meanwhile, rose modestly.

Gold for February delivery declined $5.90, or 0.4%, to settle at $1,554.30 an ounce on the Comex division of the New York Mercantile Exchange.

"Investors are seeing relatively less risk from the US–Iran situation, at least for now," wrote Carlo Alberto De Casa, chief analyst at ActivTrades, according to MarketWatch.

"This had a strong impact on gold," with the sharp decline reflecting "a reconsideration of the risk coming from the geopolitical situation," he wrote, in a daily research note.

Gold futures ranged from a low of $1,541 to a high of $1,562.40. They fell 0.9% on Wednesday for their first loss in eleven sessions, they climbed 0.4% on Tuesday — marking their highest settlement since April. 9, 2013, and they gained 1.1% on Monday.

Silver for March delivery dropped 23.1 cents, or 1.3%, to settle at $17.936 an ounce. Silver futures traded between $17.81 and $18.23. They declined 1.2% on Wednesday, they moved up 1.2% on Tuesday — logging their highest close since Sept. 24, and they edged ahead 0.2% on Monday.

In other precious metals futures prices on Thursday

  • April platinum added $8.20, or 0.9%, to $972 an ounce, ranging from $952.50 to $976.50.

  • Palladium for March delivery dipped $1, or 0.05%, to $2,060.40 an ounce, trading between $2,016.30 and $2,114. They scored a record settlement on Wednesday.

London Precious Metals Prices

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

  • Gold declined $21.20, or 1.4%, to $1,550.75 an ounce.
  • Silver sank 51 cents, or 2.8%, to $17.91 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)
Thursday / This Week Last Week November December 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 8,000 2,000 108,000
$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 1,500 61,500
$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

 

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments