Gold and silver futures were little changed Monday. Platinum and palladium, meanwhile, logged losses.
Gold for December delivery shed 30 cents, or 0.02%, to finish at $1,511.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are near steady in midday U.S. trading Monday. Both safe-haven metals are showing keen resilience amid rallying world stock markets that saw the U.S. indexes score new record highs today," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report a daily research note. "A firmer U.S. dollar index today was also a negative outside market factor for the precious metals."
Gold futures ranged from a low of $1,510.80 to a high of $1,517.10. They edged up 0.4% last week.
Silver for December delivery climbed 1.4 cents, or 0.08%, to settle at $18.066 an ounce. Silver futures traded between $18.04 and $18.23. They rose 0.7% last week.
In other precious metals futures Monday:
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January platinum dropped $15.30, or 1.6%, to $938.70 an ounce, ranging from $936.20 to $959.90.
- Palladium for December delivery declined $31.50, or 1.8%, to $1,752.80 an ounce, trading between $1,745.80 and $1,796.30. Last Wednesday, palladium posted a record settlement of $1,792.10 an ounce.
Last week, platinum gained 2.2% and palladium rose 2.3%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold declined $2.15, or 0.1%, to $1,508.80 an ounce.
- Silver added 6.5 cents, or 0.4%, to $18.12 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
In LBMA results last week, gold shed 0.3%, silver slipped a half penny and platinum added 0.5%.
US Mint 2019 Bullion Sales
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 / November | Last Week | September | October | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 3,500 | 8,000 | 98,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 1,000 | 25,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 4,000 | 34,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 10,000 | 20,000 | 190,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 2,500 | 3,000 | 55,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 167,000 | 1,021,000 | 1,110,500 | 14,400,500 |
| San Antonio Missions 5 Oz Silver Coin | 0 | 0 | 37,700 | 17,500 | 55,200 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 2,500 | 500 | 72,500 |
| American Memorial Park 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 80,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | |||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | |||
