Precious Metals Rise Monday, Sept. 28

by CoinNews.net on September 28, 2020 · 0 comments

Several Gold Bullion Bars

Gold price rose 0.9% on Monday, Sept. 28

Precious metals rallied to start the new trading week on Monday, marking gains that ranged from 0.9% for gold to 5% for platinum.

Gold for December delivery gained $16 to settle at $1,882.30 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold has started to recuperate losses as the dollar has eased and real rates have edged lower," Reuters quoted Standard Chartered analyst Suki Cooper.

"There are plenty of risk events this week for gold to take its cue from, ranging from the first of three U.S. presidential debates to unemployment and inflation data."

Gold futures ranged from a low of $1,851.10 to a high of $1,885.30. They fell 4.9% last week, ending Friday at their lowest price since July 22.

Silver for December delivery surged 51.1 cents, or 2.2%, to end at $23.604 an ounce. Silver futures traded between $22.61 and $23.69. They tumbled 14.9% last week, closing Friday at their lowest level since July 24.

In other precious metals futures prices Monday:

  • January platinum jumped $42.20 to $891.40 an ounce, ranging from $848.80 to $896.

  • Palladium for December delivery advanced $49.30, or 2.2%, to $2,271.50 an ounce, trading between $2,216.20 and $2,288.50.

Last week platinum declined 10.3% and palladium lost 6.7%.

London Precious Metals Prices (LBMA)

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

  • Gold added $4.60, or 0.3%, to $1,864.30 an ounce.
  • Silver added 26 cents, or 1.2%, to $22.89 an ounce.

In LBMA results last week, losses reached 4.7% for gold, 16.4% for silver, 10.4% for platinum and 5% for palladium.

US Mint Bullion Sales in 2020

United States Mint bullion sales were unchanged Monday. 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 0 9,500 107,500 104,000 18,500 557,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 4,000 10,000 3,000 58,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 10,000 20,000 4,000 88,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 35,000 70,000 10,000 290,000
$50 American Buffalo 1 Oz Gold Coin 0 3,000 30,000 28,000 4,500 188,500
$1 American Eagle 1 Oz Silver Coin 0 517,000 1,084,500 4,477,000 1,888,000 20,066,000
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
Tallgrass Prairie 5 oz Silver Coin* 0 45,000 N/A N/A 45,000 45,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 56,500

 

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments