Gold, silver and palladium gained Monday, following their losses last week, while platinum finished modestly lower.
Gold for December delivery moved up $5.30, or 0.3%, to settle at $1,911.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver futures prices are firmer in midday U.S. trading Monday. Moderate support has come from a weaker U.S. dollar index to start the trading week. The charts remain overall friendly and that is also inviting some bulls to the buy side. Some safe-haven demand ahead of the U.S. elections in two weeks is also likely occurring," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,900.20 to a high of $1,923.40. They finished 1% lower last week.
Silver for December delivery tacked on 29.3 cents, or 1.2%, to settle at $24.698. Silver futures traded between $24.21 and $25.12. They lost 2.8% last week.
In other precious metals futures prices on Monday:
-
January platinum declined $5.80, or 0.7%, to $863.50 an ounce, ranging from $855.50 to $880.90.
- Palladium for December delivery gained $15.20, or 0.7%, to $2,357.50 an ounce, trading between $2,342.70 and $2,367.
Last week platinum declined 2.8% and palladium fell 4.9%.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold added 55 cents, or 0.03%, to $1,905.60 an ounce.
- Silver added 48 cents, or 2%, to $24.84 an ounce.
In LBMA results last week, prices climbed 0.2% for silver while they fell 1% for gold, 2.5% for platinum and 4.9% for palladium.
US Mint Bullion Sales in 2020
United States Mint bullion sales were unchanged. 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 | 10,000 | 104,000 | 18,500 | 39,500 | 597,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 10,000 | 3,000 | 3,000 | 61,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 20,000 | 4,000 | 4,000 | 92,000 |
| $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 | 5,000 | 28,000 | 4,500 | 13,500 | 202,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 873,000 | 4,477,000 | 2,958,500 | 1,699,000 | 22,835,500 |
| 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 |
