Precious metals futures registered modest changes Monday. Palladium gained again, posting its fourth straight record settlement.
Gold for February delivery inched lower by 20 cents, or 0.01% to finish at $1,464.90 an ounce on the Comex division of the New York Mercantile Exchange. The close was gold’s the lowest since Nov. 27.
"Gold and silver traders are awaiting a fresh fundamental spark to help drive prices," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
"Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at last week’s high of $1,489.90. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at the November low of $1,453.10," Wyckoff, said.
Gold futures ranged from a low of $1,463 to a high of $1,469.80. They lost 0.5% last week.
Silver for March delivery rose 4.6 cents, or 0.3%, to settle at $16.642 an ounce. Silver futures traded between $16.56 and $16.73. They dropped 3% last week, ending Friday at their lowest point since Aug. 6.
In other precious metals futures prices on Monday:
-
January platinum shed 40 cents, or 0.04%, to $898.50 an ounce, ranging from $889.90 to $902.80.
- Palladium for March delivery advanced $10.50, or 0.6%, to a record settlement of $1,856.60 an ounce. Palladium traded between $1,844.40 and $1,868.60.
Last week, platinum dipped 0.2% and palladium gained 2%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:
- Gold rose $2.05, or 0.1%, to $1,461.70 an ounce.
- Silver fell 32 cents, or 1.9%, to $16.62 an ounce.
In LBMA results last week, prices declined 0.03% for gold and 0.1% for silver.
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 | Last Week | November | December | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 500 | 8,000 | 500 | 106,500 |
| $25 American Eagle 1/2 Oz Gold Coin* | 0 | 0 | 5,000 | 0 | 30,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 0 | 38,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 0 | 195,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 5,000 | 0 | 60,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 463,000 | 0 | 14,863,500 |
| Frank Church River of No Return Wilderness 5 Oz Silver Coin | 0 | 5,000 | 20,000 | 5,000 | 25,000 |
| San Antonio Missions 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 55,200 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 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 | |||
