Gold and Silver Prices Mark Another Three-Week High

by CoinNews.net on October 12, 2020 · 2 comments

One gold bullion bar and graph

Gold futures rose 0.1% on Monday, October 12

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

 

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Seth Riesling

FYI –

MAJOR silver coin & medal price increases tomorrow, Tuesday Oct. 13 at U.S. Mint!! (According to Oct. 8 issue of “The Federal Register”). Mint Director David J. Ryder is officially “insane” & a bad businessman to boot.

NumisdudeTX

Christopher

Outrageous!