Gold Edges Lower Thursday, Jan. 24

by CoinNews.net on January 24, 2019 · 0 comments

Bullion Gold Bars, Three

Gold futures shed 0.3% on Thursday, Jan. 24

Gold, silver, and palladium futures ended lower Thursday. Gold’s loss was its first in three sessions.

Gold for February delivery declined $4.20, or 0.3%, to settle at $1,279.80 an ounce on the Comex division of the New York Mercantile Exchange.

"As usual, strength in the dollar would appear to be the primary culprit behind the weakness throughout the metals complex," MarketWatch quoted analysts from a report by Zaner Precious Metals.

Gold futures ranged from a low of $1,275.30 to a high of $1,283.90. They rose less than 0.1% on both Wednesday and Tuesday.

Elsewhere, silver for March delivery shed 8 cents, or 0.5%, to settle at $15.30 an ounce. Silver futures traded between $15.24 and $15.41. They added 0.4% on Wednesday and declined 0.5% on Tuesday.

In other precious metals prices Thursday:

  • April platinum tacked on $8.60, or 1.1%, to $805 an ounce, ranging from $792 to $807.10.

  • Palladium for March delivery dropped $27.50, or 2.1%, to $1,280.70 an ounce, trading between $1,275.10 and $1,314.30. Last Thursday, palladium posted a record settlement at $1,348.20 an ounce.

London Precious Metals Prices

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

  • Gold rose $3.90, or 0.3%, to $1,283.70 an ounce.
  • Silver added 4 cents, or 0.3%, to $15.30 an ounce.

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

US Mint 2019 Bullion Sales

United States Mint bullion sales were unchanged. 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 December 2018 Sales 2019 Sales
$100 American Eagle 1 Oz Platinum Coin 0 2,800 0 0 30,000 25,600
$50 American Eagle 1 Oz Gold Coin 0 8,500 1,500 3,000 191,000 42,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 0 32,000 14,000
$10 American Eagle 1/4 Oz Gold Coin 0 4,000 0 0 62,000 20,000
$5 American Eagle 1/10 Oz Gold Coin 0 15,000 0 0 230,000 75,000
$50 American Buffalo 1 Oz Gold Coin 0 2,500 1,500 1,500 121,500 22,500
$1 American Eagle 1 Oz Silver Coin 0 710,000 375,000 490,000 15,700,000 3,931,000

 

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