Precious metals futures changed little Thursday, aside from palladium which was also alone for the day with a loss.
Gold for December delivery added $2.90, or 0.2%, to settle at $1,269.50 an ounce on the Comex division of the New York Mercantile Exchange.
"The constant strength in the U.S. dollar serves as an inhibiting factor to the upside. We were higher, volume was moderate with little real enthusiasm to speak of," Reuters quoted Bill O’Neill, co-founder of LOGIC Advisors. "I think short term, the interest rate concerns are there … but long term I still think the market is going to go higher."
Gold futures ranged from a low of $1,265.20 to a high of $1,273.70. They shed 0.6% on Wednesday.
Elsewhere, silver for December rose 1.3 cents, or less than 0.1%, to close at $17.639 an ounce. Silver futures traded between $17.54 and $17.73. In the previous session, they slipped 0.9%.
Rounding out metals trading:
January platinum edged up 90 cents for a second day in a row, closing at $964.90 an ounce. Prices ranged from $960.60 to $974.90.
- Palladium for December delivery declined $7.75, or 1.3%, to $613.20 an ounce, trading between $612.10 and $626.35.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Wednesday PM to Thursday PM:
- Gold fell $4.25, or 0.3%, to $1,266.25 an ounce.
- Silver was unchanged at $17.66 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Coin Sales in 2016
United States Mint bullion products registered daily gains of 4,000 ounces in American Gold Eagles and 500 ounces in American Gold Buffalos. Below is a sales breakdown of U.S. Mint bullion coins with columns listing the number of bullion coins sold during varying periods Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Thursday Sales||Last Week||This Week||Sept Sales||Oct Sales||2016 Sales|
|$100 American Eagle 1 Oz Platinum Coins*||–||20,000|
|$50 American Eagle 1 Oz Gold Coins||4,000||19,000||17,500||79,000||94,000||659,000|
|$25 American Eagle 1/2 Oz Gold Coins||0||2,000||1,000||5,000||7,000||63,000|
|$10 American Eagle 1/4 Oz Gold Coins||0||4,000||4,000||16,000||16,000||132,000|
|$5 American Eagle 1/10 Oz Gold Coins||0||10,000||20,000||85,000||70,000||770,000|
|$50 American Buffalo 1 Oz Gold Coins||500||10,000||2,500||17,500||24,500||173,500|
|$1 American Eagle 1 Oz Silver Coins||0||1,325,000||25,0000||1,675,000||3,670,000||34,250,500|
|2016 Shawnee 5 Oz Silver Coins*||–||105,000|
|2016 Cumberland Gap 5 Oz Silver Coins*||–||75,000|
|2016 Harpers Ferry 5 Oz Silver Coins||0||200||0||200||200||36,500|
|2016 Theodore Roosevelt 5 Oz Silver Coins||0||800||500||2,000||3,100||32,600|