Gold prices ended lower Thursday, as did silver and that snapped its four-session win streak.
Gold for April delivery slid $1.80, or 0.1%, to settle at $1,262.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Buying interest in the safe-haven gold market was limited by an improving investor risk appetite the past couple days, evidenced by the rallies in U.S. stock indexes," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "However, sellers were leery Thursday due to bullish ‘outside market’ forces — a lower U.S. dollar index and sharply higher crude oil prices."
Gold traded from a low of $1,256.10 to a high of $1,274.60. Prices on Wednesday picked up $4.20, or 0.3%.
Silver for March delivery fell 20 cents, or 1.1%, to end at $17.20 an ounce. Silver prices ranged from $16.92 to $17.50.
In PGM futures on Thursday:
April platinum gained $10.80, or 0.9%, to $1,249.70 an ounce, trading between $1,230.20 and $1,256.90.
- Palladium for March delivery added $5.50, or 0.7%, to $795.70 an ounce, ranging from $784.90 to $797.10.
London Fix Precious Metals
Earlier fixed London precious metals declined. In comparing London bullion Fix prices from Wednesday PM to Thursday PM:
- Gold lost $9.25, or 0.7%, to $1,259.25 an ounce,
- Silver tumbled 39 cents, or 2.2%, to $17 an ounce,
- Platinum dipped $3, or 0.2%, to $1,235 an ounce, and
- Palladium declined $4, or 0.5%, to $788 an ounce.
US Mint Bullion Coin Sales in February
United States Mint bullion sales were unchanged Thursday as of 4:10 PM ET. Below are sales of U.S. Mint bullion products with columns listing the number of bullion coins sold last week, this week so far, in January, and the year-to-date. Coins with an asterisk (*) have sold out for 2014 with 2015-dated versions yet to be released.
|American Eagle and Buffalo Bullion Sales (# of coins)|
|Thursday Sales||Last Week||This Week||January Sales||YTD Sales|
|$100 American Platinum Eagle Bullion Coins*||0||0||0||0||0|
|$50 American Eagle Bullion Gold Coins||0||1,000||2,000||51,500||53,500|
|$25 American Eagle Bullion Gold Coins||0||0||0||18,000||18,000|
|$10 American Eagle Bullion Gold Coins||0||0||0||36,000||36,000|
|$5 American Eagle Bullion Gold Coins||0||15,000||5,000||115,000||120,000|
|$50 American Buffalo Bullion Gold Coins||0||2,000||1,000||34,500||35,500|
|$1 American Eagle Silver Bullion Coins||0||769,500||610,500||5,530,000||6,140,500|
|Great Smoky Mountains National Park 5 Oz Silver Bullion Coins*||0||0||0||0||0|
|Shenandoah National Park 5 Oz Silver Bullion Coins||0||0||0||600||600|
|Arches National Park 5 Oz Silver Bullion Coins*||0||0||0||0||0|
|Great Sand Dunes 5 Oz Silver Bullion Coins*||0||0||0||0||0|
|Everglades 5 Oz Silver Bullion Coins*||0||0||0||0||0|