Precious Metals Rise Tuesday, Dec. 15

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Small Gold Bullion Bars
Gold futures rose 1.3% on Tuesday, Dec. 15

Precious metals bounced Tuesday following their losses on Monday. The day’s gains ranged from 0.2% for palladium to 2.5% for silver.

Gold for February delivery added $23.20, or 1.3%, to settle at $1,855.30 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since last Tuesday, Dec. 8.

"Gold is hovering once again around the $1850 level and should look to extend gains if Congress continues to take strides towards passing the compromised COVID relief bill," MarketWatch quoted Edward Moya, who’s also a senior market analyst at Oanda.

Gold futures ranged from a low of $1,828.50 to a high of $1,859.30. They slipped 0.6% on Monday, marking their lowest settlement since Dec. 2.

Silver for March delivery surged 59.7 cents to close at $24.644 an ounce. Like for gold, silver’s close was its best since Dec. 8. Silver futures traded between $23.94 and $24.70. They retreated 0.2% on Monday.

In other precious metals futures Tuesday:

  • January platinum tacked on $23.70, or 2.3%, to $1,039.30 an ounce, ranging from $1,009.50 to $1,045.

  • Palladium for March delivery added $5.10 to $2,324 an ounce, trading between $2,303.50 and $2,369.

London Precious Metals Prices (LBMA)

In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:

  • Gold gained $19.50, or 1.1%, to $1,850.65 an ounce.
  • Silver rose 36 cents, or 1.5%, to $24.215 an ounce.

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)
Tuesday Last Week This Week October November December 2020 Sales
$50 American Eagle 1 Oz Gold Coin 0 24,000 5,000 64,500 77,000 35,500 734,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 6,000 4,000 0 68,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 8,000 10,000 0 106,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 25,000 35,000 0 350,000
$50 American Buffalo 1 Oz Gold Coin 0 2,500 0 19,500 23,500 7,000 238,500
$1 American Eagle 1 Oz Silver Coin 0 475,000 0 3,397,000 4,805,000 751,000 30,089,500
America Samoa 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Marsh Billings 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 0 0 45,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 56,500

 

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