Gold and Silver Prices Rise for Third Straight Day

by CoinNews.net on September 16, 2020 · 0 comments

Gold Bullion, five bars

Gold futures advanced 0.2% on Wednesday, Sept. 16

Gold and silver extended their gains Wednesday to three straight days. Palladium also closed higher, its second win in a row.

Gold for December delivery added $4.30, or 0.2%, to settle at $1,970.50 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 $1,957.20 to a high of $1,983.80. They edged up 0.1% on Tuesday and they gained 0.8% on Monday.

Silver for December delivery rose 1.2 cents, or 0.04%, to close at $27.476 an ounce. Like for gold, the close was also the highest since Sept. 1. Silver futures traded between $27.20 and $27.71. They finished up 0.4% on Tuesday and they moved up 1.9% on Monday.

In PGM futures on Wednesday:

  • October platinum fell $8.70, or 0.9%, to $973.50 an ounce, ranging from $970.60 to $989.50.

  • Palladium for December delivery added $3.10, or 0.1%, to $2,417.60 an ounce, trading between $2,378.10 and $2,438.

London Precious Metals Prices (LBMA)

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

  • Gold rose $12.45, or 0.6%, to $1,961.80 an ounce.
  • Silver declined 16.5 cents, or 0.6%, to $27.38 an ounce.

US Mint Bullion Sales in 2020

The United States Mint bullion sales were unchanged Wednesday. 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)
Wednesday 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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