Gold, Silver and Palladium Rise Monday, Oct. 19

by CoinNews.net on October 19, 2020 · 0 comments

US Dollars and Gold Bullion Bars

Gold prices settled 0.3% higher on Monday, Oct. 19

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

 

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