Gold and Silver Settle at Two-Week Highs

by CoinNews.net on September 15, 2020 · 0 comments

9999 Gold Bullion

Gold edged 0.1% higher on Tuesday, Sept. 15, closing at its best price since Sept. 1

Precious metals posted gains Tuesday that ranged from 0.1% for gold and 3.9% for palladium. Gold and silver ended at two-week highs.

Gold for December delivery rose $2.50 to settle at $1,966.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Sept. 1.

Gold futures ranged from a low of $1,955.60 to a high of $1,982.40. They gained 0.8% on Monday.

Silver for December delivery finished up 10.9 cents, or 0.4%, to $27.464 an ounce. Like for gold, the close was also the highest since Sept. 1. Silver futures traded between $27.19 and $27.87. They moved up 1.9% on Monday.

In other precious metals prices Tuesday:

  • October platinum advanced $23.50, or 2.5%, to $982.20 an ounce, ranging from $960.60 to $984.

  • Palladium for December delivery surged $90.10 to $2,414.50 an ounce, trading between $2,316.80 and $2,454.60.

London Precious Metals Prices (LBMA)

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

  • Gold declined $9.35, or 0.5%, to $1,949.35 an ounce.
  • Silver gained 66 cents, or 2.5%, to $27.545 an ounce.

US Mint Bullion Sales in 2020

The United States Mint bullion sales were unchanged Tuesday. 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)
Tuesday Last Week This Week July August September 2020 Sales
$50 American Eagle 1 Oz Gold Coin 0 1,500 2,000 107,500 104,000 3,500 542,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 4,000 10,000 1,000 56,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 10,000 20,000 2,000 86,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 0 35,000 70,000 10,000 290,000
$50 American Buffalo 1 Oz Gold Coin 0 500 1,000 30,000 28,000 1,500 185,500
$1 American Eagle 1 Oz Silver Coin 0 1,000,000 331,000 1,084,500 4,477,000 1,331,000 19,509,000
America Samoa 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Marsh Billings 5 oz Silver Coin* 0 0 0 45,000 0 0 45,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 56,500

 

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