Thursday turned into another day of narrowed changes for gold and silver, each rising less than 0.1%. Palladium was an outlier in precious metals, soaring 2.6%.
Gold for April delivery climbed 20 cents to settle at $1,575.10 an ounce on the Comex in New York. The settlement hugged the day’s low of $1,574.00 an ounce. Gold reached an intraday high of $1,584.90.
"Gold is stuck in the same range it’s traded in for the best part of a fortnight," MarketWatch quoted Ben Traynor, chief economist at BullionVault. He added that with data on U.S. nonfarm payrolls due Friday, "many traders are wary of taking aggressive positions, which has helped keep gold range bound."
Silver inched up for its fifth straight session increase. Silver for May delivery added a half penny to finish at $28.808 an ounce. Prices went as low as $28.74 and as high as $29.085.
In PGM futures Thursday:
April platinum gained $15.30, or 1.0%, to $1,595.10 an ounce, trading between $1,585.00 and $1,601.20.
- Palladium for June delivery rallied $19.00 to $759.05 an ounce, trading between $744.00 and $761.55.
London Bullion Prices
Palladium was also the big gainer in London fixings. Other precious metals in London rose modestly by comparison. In contrasting the Wednesday PM to Thursday PM London Fix prices:
- Gold added $5.50, or 0.3%, to $1,579.50 an ounce,
- Silver rose 27.0 cents, or 0.9%, to $29.01 an ounce,
- Platinum gained $6.00, or 0.4%, to $1,596.00 an ounce, and
- Palladium surged $16.00, or 2.2%, to $755.00 an ounce
US Bullion Coin Sales in March
U.S. Mint bullion sales advanced Thursday for American Eagle and Buffalo coins. United States Mint dealers ordered 5,000 ounces in gold coins and 20,500 ounces in silver coins. Bullion sales by product type follow.
|American Eagle and Buffalo Bullion Coin Sales|
|Thursday Sales||Last Week||Week-To-Date||March Sales||YTD Sales|
|$50 American Eagle Gold Bullion Coins||3,500||20,000||10,500||14,500||207,000|
|$25 American Eagle Gold Bullion Coins||0||1,000||1,000||1,000||23,000|
|$10 American Eagle Gold Bullion Coins||0||2,000||4,000||4,000||40,000|
|$5 American Eagle Gold Bullion Coins||5,000||5,000||10,000||10,000||190,000|
|$50 American Buffalo Gold Bullion Coins||1,000||2,500||1,500||1,500||85,500|
|American Silver Eagle Bullion Coins||20,500||822,000||897,000||897,000||11,763,500|
|America the Beautiful 5 Oz. Silver Bullion Coin Sales|
|Thursday Sales||Last Week||Week-To-Date||March Sales||All-Time Sales|
|2012 El Yunque National Forest 5 oz. Silver Bullion Coins||0||0||0||0||24,000|
|2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins||0||2,600||0||600||24,400|
|2012 Acadia National Park 5 oz. Silver Bullion Coins||0||0||0||0||25,400|
|2012 Hawai’i Volcanoes 5 oz. Silver Bullion Coins||0||0||0||0||20,000|
|2012 Denali National Park 5 oz. Silver Bullion Coins||0||0||0||0||20,000|
|2011 Olympic National Park 5 oz. Silver Bullion Coins||0||0||0||0||104,900|
|2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins||0||12,400||0||10,400||58,100|
|2011 Chickasaw Park 5 oz. Silver Bullion Coins||0||9,300||0||8,800||48,700|
All bullion figures above are in the number of coins sold. Calculate total ounces by using the bullion coin’s weight.