Precious metals futures ended mixed Monday. Gold, silver and platinum advanced while palladium declined.
Gold for December delivery rose $4.70, or 0.4%, to settle at $1,278.90 an ounce on the Comex division of the New York Mercantile Exchange.
"There is a bit of safe-haven demand still supporting prices, but no new additional demand coming in, which means that prices aren’t really moving," Reuters quoted Capital Economics analyst Simona Gambarini.
Gold futures ranged from a low of $1,274.40 to a high of $1,279.90. They edged up 0.4% last week.
Meanwhile, silver for December delivery tacked on 17.6 cents, or 1%, to settle at $17.047 an ounce. Silver futures traded between $16.82 and $17.07. They finished 0.2% higher last week.
In other precious metals futures prices:
-
January platinum added $3.50, or 0.4%, to $935.60 an ounce, ranging from $927 to $938.40.
- Palladium for December delivery declined $3.40, or 0.3%, to $989.70 an ounce, trading between $986.95 and $1,001.45.
Last week, platinum advanced 1.1% and palladium climbed 0.2%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold declined $6.35, or 0.5%, to 1,277.95 an ounce.
- Silver lost 7.5 cents, or 0.4%, to $16.925 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
Last week, silver slipped 0.5% while other London bullion prices rose by 1.4% for gold, 1.6% for platinum and 0.5% for palladium.
US Mint Bullion Sales in 2017
U.S. Mint bullion products logged gains of 4,000 ounces in gold coins and 329,500 ounces in silver coins.
A portion of the silver sales included the last 2017-dated America the Beautiful Five Ounce Silver Bullion Coin. Emblematic of George Rogers Clark National Historical Park in Indiana, its first-day sales reached 30,900 coins for 154,500 ounces — totals that already surpass this year’s second and third five-ounce issues.
Also on Monday, the U.S. Mint released rolls and bags of George Rogers Clark quarters. The five ounce silver coin and quarter share designs.
Below is a sales breakdown of U.S. 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 | October | November | YTD | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 20,000 |
| $25 American Eagle 1 Oz Palladium Coin* | 0 | 0 | 0 | 0 | 15,000 |
| $50 American Eagle 1 Oz Gold Coin | 2,500 | 1,500 | 11,000 | 5,000 | 186,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 2,000 | 0 | 32,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 0 | 58,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 10,000 | 0 | 30,000 | 10,000 | 370,000 |
| $50 American Buffalo 1 Oz Gold Coin | 500 | 500 | 7,000 | 1,000 | 84,500 |
| $1 American Eagle 1 Oz Silver Coin | 175,000 | 90,000 | 1,040,000 | 265,000 | 17,203,500 |
| 2017 Effigy Mounds 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 35,000 |
| 2017 Frederick Douglass 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ozark Riverways 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ellis Island 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 40,000 |
| 2017 George Rogers Clark 5 Oz Silver Coin* | 30,900 | N/A | N/A | 30,900 | 30,900 |
