Precious metals divided Monday with gold and silver gaining and platinum and palladium declining. Gold and silver each ended at more than three-week highs.
Gold for December delivery settled up $2.70, or 0.1%, to $1,928.90 an ounce on the Comex division of the New York Mercantile Exchange. The finish was gold’s highest since Sept. 18.
"Technically gold is regaining strength with the consolidation above $1,920 a supportive signal for bullion and confirming traders’ huge interest," wrote Carlo Alberto De Casa, chief analyst at ActivTrades, in a Monday note, according to MarketWatch.
Gold futures ranged from a low of $1,923.80 to a high of $1,939.40. They climbed 1% last week.
Silver for December delivery tacked on 16.3 cents, or 0.7%, to settle at $25.271. As for gold, the settlement was silver’s highest since Sept. 18. Silver futures traded between $24.90 and $25.71. They jumped 4.5% last week.
In other precious metals futures prices on Monday:
-
January platinum declined $18, or 2%, to $876.30 an ounce, ranging from $872.90 to $897.10.
- Palladium for December delivery fell $37.60, or 1.5%, to $2,425.60 an ounce, trading between $2,410.70 and $2,480.
Last week platinum edged up 0.3% and palladium soared 5.9%.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold added $2.25, or 0.1%, to $1,925.50 an ounce.
- Silver added 74.5 cents, or 3.1%, to $25.06 an ounce.
In LBMA results last week, prices rose 1.1% for gold, 1.9% for silver, 0.1% for platinum and 6% 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 | August | September | October | 2020 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 16,000 | 104,000 | 18,500 | 29,500 | 587,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 10,000 | 3,000 | 2,000 | 60,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 20,000 | 4,000 | 2,000 | 90,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 70,000 | 10,000 | 5,000 | 295,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 2,000 | 28,000 | 4,500 | 8,500 | 197,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 826,000 | 4,477,000 | 2,958,500 | 826,000 | 21,962,500 |
| 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 | 0 | 0 | 0 | 45,000 |
| Tallgrass Prairie 5 oz Silver Coin* | 0 | 0 | N/A | 45,000 | 0 | 45,000 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 56,500 |
