Precious metals futures logged gains Thursday that ranged from less than 0.1% for silver to 3.1% for palladium. Palladium scored a record settlement above $1,600 an ounce.
Gold for December delivery added $4.20, or 0.3%, to settle at $1,507.40 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures ranged from a low of $1,496.80 to a high of $1,532.20. They gained 0.3% on Wednesday, they declined 0.8% on Tuesday — marking their weakest close since Aug. 6, and they lost 0.3% on Monday.
Silver for December delivery edged up less than a penny, or 0.04%, to close at $18.177 an ounce. Silver futures traded between $18.08 and $18.56. They dipped less than 0.1% on Wednesday, they edged up 0.1% on Tuesday, and they rose 0.3% on Monday.
In other precious metals futures Thursday:
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October platinum settled up $12.40, or 1.3%, to $952.60 an ounce, ranging from $944.60 to $963.30.
- Palladium for December delivery surged $48 to close at $1,604.80 an ounce — an all-time record. Palladium prices traded between $1,564.20 and $1,616.50.
"Palladium has witnessed a resurgence in price over the past two months, much in line with other hard assets such as gold, platinum and silver," MarketWatch quoted Ryan Giannotto, director of research at exchange-traded fund issuer GraniteShares. "What distinguishes palladium is its unique position spanning precious and specialty industrial metals, and this latter characteristic has benefited the metal in the momentary detente in the U.S.-China trade conflict."
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold gained $24.55, or 1.7%, to $1,515.20 an ounce.
- Silver rose 2.5 cents, or 0.1%, to $18.19 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. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Thursday | Last Week | This Week | August | September | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,500 | 1,000 | 5,500 | 2,500 | 89,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 1,000 | 24,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 2,000 | 30,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 0 | 0 | 5,000 | 165,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 0 | 1,500 | 500 | 50,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 11,000 | 675,000 | 1,007,000 | 686,000 | 12,955,000 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 2,500 | 12,500 | 2,500 | 72,000 |
| American Memorial Park 5 Oz Silver Coin* | 0 | 0 | 0 | 2,000 | 0 | 80,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | ||||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | ||||
