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|