Gold Settles At More Than Six Month High Most precious metals futures rose Monday. Platinum was the exception, easing 0.8%. Gold finished at its best price in more than six months. Gold for February delivery tacked on $13.70, or 1.1%, to settle at $1,271.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since June 15 when gold ended at $1,278.50 an ounce. " think we are still very much on track to touch the year-end target of $1,275 [for gold] and the continuing situation in the U.S. can easily lead us there," MarketWatch quoted Naeem Aslam, chief market analyst with Think Markets UK. "Any weakness in the stock markets would fuel the current rally." Gold futures ranged from a low of $1,260 to a high of $1,273.90. They advanced 1.4% last week. Elsewhere, silver for March delivery rose 11.8 cents, or 0.8%, to settle at $14.82 an ounce. Silver futures traded between $14.71 and $14.88. They gained 0.4% last week. On Thursday, the precious metal marked its best close since Aug. 14. In other precious metals futures prices Monday: January platinum declined $6.40 to $789.40 an ounce, ranging from $788.30 to $798.30. Palladium for March delivery gained $17.40, or 1.5%, to $1,176.10 an ounce, trading between $1,158 and $1,177.60. Last Wednesday, palladium ended at a record of $1,201.30 an ounce. The pair divided last week with platinum rising 1.3% and palladium dropping 1.1%. London Precious Metals Prices In comparing earlier fixed London gold and silver prices from Friday PM to the latest on Monday: Gold rose $3.10, or 0.3%, to $1,261.25 an ounce. Silver declined 1.5 cents, or 0.1%, to $14.675 an ounce. LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight In LBMA results last week, pricing gains totaled 1.9% for gold, 0.8% for both silver and platinum, and 0.7% for palladium. http://www.coinnews.net/2018/1...

traax · Dec 24, 2018 4:12 PM