Gold Settles At More Than Two-Week High

by CoinNews.net on January 23, 2020 · 0 comments

Bullion, 3 Gold Bars

Gold finished at its best price since Jan. 7

Precious metals futures divided Thursday with gains in gold and silver and losses in platinum and palladium. Gold finished at a more than two-week high.

Gold for February delivery tacked on $8.70, or 0.6%, to settle at $1,565.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Jan. 7.

"The safe-haven metal got a boost from a sell off in the U.S. stock market that was prompted in part by increased worries about a flu-type virus that is spreading from China," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.

Gold futures ranged from a low of $1,551.30 to a high of $1,567.50. They slipped 0.08% on Wednesday and they declined 0.2% in starting the trading week on Tuesday.

Silver for March delivery edged up one-tenth of a cent, or 0.01%, to end at $17.829 an ounce. Silver futures traded between $17.59 and $17.91 They edged 0.1% higher on Wednesday and they dropped 1.5% on Tuesday.

In other precious metals futures prices on Thursday:

  • April platinum fell $14, or 1.4%, to $1,007.30 an ounce, ranging from $1,000.80 to $1,025.50.

  • Palladium for March delivery shed $6.60, or 0.3%, to $2,329 an ounce, trading between $2,299 and $2,427. Palladium posted a new record settlement on Wednesday, soaring 4.6%.

London Precious Metals Prices

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

  • Gold added $6, or 0.4%, to $1,562.90 an ounce.
  • Silver declined 17 cents, or 1%, to $17.60 an ounce.

US Mint Bullion Sales in 2020

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 November December 2020 Sales
$50 American Eagle 1 Oz Gold Coin 0 8,000 2,000 19,500
$25 American Eagle 1/2 Oz Gold Coin* 0 5,000 0 13,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 14,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 45,000
$50 American Buffalo 1 Oz Gold Coin 0 5,000 1,500 10,500
$1 American Eagle 1 Oz Silver Coin 0 463,000 0 2,298,000

 

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of