Gold Ends at New 2018 Low

by CoinNews.net on May 17, 2018 · 0 comments

Partial Photo of Bullion Gold

Gold futures slipped $2.10 on Thursday, May 17

Precious metals futures were divided again Thursday with gold and palladium modestly lower and silver and platinum slightly higher. Gold marked a new settlement low for the year.

Gold for June delivery fell $2.10, or nearly 0.2%, to settle at $1,289.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the lowest since Dec. 26 when the yellow metal ended at $1,287.50 an ounce.

"The firm U.S. dollar and rising U.S. bond yields are continuing to exert pressure," MarketWatch quoted Carsten Fritsch, commodities analyst at Commerzbank.

Gold futures traded from a low of $1,284 to a high of $1,294. They inched up 0.09%, on Wednesday, dropped 2.1% on Tuesday, and shed 0.2% on Monday.

Silver for July delivery rose 11 cents, or 0.7%, to settle at $16.481 an ounce. Silver futures ranged from $16.33 to $16.51. They climbed 0.6% on Wednesday, tumbled 2.3% on Tuesday, and declined 0.5% on Monday.

In other precious metals futures prices on Thursday:

  • July platinum gained $2.30, or 0.3%, to $892.10 an ounce, trading between $883.60 and $895.50.

  • Palladium for June delivery declined $5, or 0.5%, to $977.50 an ounce, ranging from $970 to $984.10.

London Precious Metals Prices

LBMA bullion prices are available on the LBMA website with a delay of midnight.

US Mint Bullion Sales in 2018

United States Mint bullion sales registered gains of 500 ounces in platinum coins. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Thursday Last Week This Week April May 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 500 0 7,800 0 7,800 27,800
$50 American Eagle 1 Oz Gold Coin 0 1,500 3,000 4,000 4,500 52,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 12,000 0 12,000 38,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 5,000 5,000 105,000
$50 American Buffalo 1 Oz Gold Coin 0 4,500 5,500 2,000 10,000 40,500
$1 American Eagle 1 Oz Silver Coin 0 50,000 100,000 915,000 150,000 6,157,500
Pictured Rocks 5 Oz Silver Coin 0 0 0 0 0 30,000
Apostle Islands 5 Oz Silver Coin 0 0 0 30,000 0 30,000

 

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