Gold and Silver Prices Rise, Palladium Scores 16-Year High

by CoinNews.net on August 17, 2017 · 0 comments

Palladium

Palladium prices ended at their best level since early 2001

Precious metals futures climbed for a second day in a row Thursday with gains of 1.8% for palladium and 0.7% each for gold, silver and platinum.

Gold for December delivery tacked on $9.50 to settle at $1,292.40 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is likely to breach USD 1,300/oz as the market prices in a less hawkish Fed, particularly in a risk-off environment," Reuters quoted analysts at Standard Chartered.

Gold futures traded from a low of $1,286.40 to a high of $1,296. They climbed 0.3% in the previous session, slipped 0.8% on Tuesday and declined 0.3% in their start to the week on Monday.

Silver for September delivery added 11.3 cents to settle at $17.053 an ounce. Silver futures ranged from $16.96 to $17.18. They advanced 1.4% on Wednesday, tumbled 2.4% on Tuesday and gained 0.3% on Monday to settle at their best level since June 14.

In other precious metals futures prices:

  • October platinum rose $7.20 to $981.70 an ounce, trading between $974.30 and $985.10.

  • Palladium for September delivery rallied $15.95 to $926.15 an ounce, ranging from $917.20 to $932. The close was the highest since early 2001.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:

  • Gold gained $12.40, or 1%, to 1,285.15 an ounce.
  • Silver jumped 34 cents, or 2%, to $17.02 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

US Mint Bullion Sales in 2017

United States Mint bullion sales were unchanged as of 3:36 p.m. ET. Below is a sales breakdown of U.S. 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)
Thursday Last Week This Week July August YTD
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 4,500 0 13,500 4,500 160,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 0 1,000 28,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 4,000 0 52,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 30,000 0 290,000
$50 American Buffalo 1 Oz Gold Coin 0 2,000 0 6,000 2,000 74,000
$1 American Eagle 1 Oz Silver Coin 0 110,000 125,000 2,320,000 235,000 14,788,500
2017 Effigy Mounds 5 Oz Silver Coin 0 0 0 0 0 35,000
2017 Frederick Douglass 5 Oz Silver Coin 0 0 0 0 0 20,000
2017 Ozark Riverways 5 Oz Silver Coin 0 0 0 0 0 20,000

 

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