Gold, Silver and Platinum Rise on Monday, Sept. 14

by CoinNews.net on September 14, 2020 · 0 comments

One gold bullion bar and graph

Gold futures rose 0.8% on Monday, September 14

Aside from palladium, precious metals futures gained in starting the new trading week on Monday. Platinum advanced the most, followed by silver and then gold.

Gold for December delivery tacked on $15.80, or 0.8%, to settle at $1,963.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is rising as the dollar is under quite a bit of pressure. We also saw Steven Mnuchin indicating that they want some kind of fiscal stimulus deal done, so that would further weaken the dollar," Reuters quoted Phillip Streible, chief market strategist at Blue Line Futures in Chicago.

Gold futures ranged from a low of $1,945.20 to a high of $1,972.50. They climbed 0.7% last week.

Silver for December delivery surged 49.8 cents, or 1.9%, to end at $27.355 an ounce. Silver futures traded between $26.85 and $27.55. They edged 0.5% higher last week.

In other precious metals futures prices on Monday:

  • October platinum rose $19.10, or 2%, to $958.70 an ounce, ranging from $932.10 to $966.

  • Palladium for December delivery declined $6.40, or 0.3%, to $2,324.40 an ounce, trading between $2,318.80 and $2,364.10.

Last week platinum soared 4.6% and palladium dipped 0.5%.

London Precious Metals Prices (LBMA)

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

  • Gold added $11.30, or 0.6%, to $1,958.70 an ounce.
  • Silver added a cent, or 0.04%, to $26.885 an ounce.

In LBMA results last, prices rose 1.1% for gold, 0.2% for silver, 2.9% for platinum and 0.5% for palladium.

US Mint Bullion Sales in 2020

The United States Mint bullion sales advanced on Monday by a combined 3,000 ounces in gold coins and 331,000 ounces in silver coins.

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 July August September 2020 Sales
$50 American Eagle 1 Oz Gold Coin 2,000 1,500 107,500 104,000 3,500 544,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 4,000 10,000 1,000 56,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 10,000 20,000 2,000 86,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 35,000 70,000 10,000 290,000
$50 American Buffalo 1 Oz Gold Coin 1,000 500 30,000 28,000 1,500 185,500
$1 American Eagle 1 Oz Silver Coin 331,000 1,000,000 1,084,500 4,477,000 1,331,000 19,509,000
America Samoa 5 oz Silver Coin* 0 0 0 0 0 45,000
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 45,000
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 45,000
Marsh Billings 5 oz Silver Coin* 0 0 45,000 0 0 45,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 56,500

 

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