Gold futures on Thursday ended lower for a third session in a row while silver snapped a three-session winning streak.
Gold for December delivery fell $4.60, or 0.4%, to settle at $1,088.70 an ounce on the Comex division of the New York Mercantile Exchange.
"The bears remain confident, what with a lack of bullish fundamental inputs, a rebound in the U.S. dollar index this week, and a very bearish technical posture for the precious metal," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.
Gold prices ranged from a low of $1,081.50 to a high of $1,098.20. Even with the losing streak, gold is up about 0.3% since Friday.
Silver for September delivery shed 5 cents, or 0.3%, to $14.70 an ounce. Silver prices traded between $14.58 and $14.82.
In other precious metals futures on Thursday:
October platinum gained $5, or 0.5%, to $989.90 an ounce, ranging from $978.70 to $994.40.
- Palladium for September delivery climbed $4.95, or 0.8%, to $620.55 an ounce, trading between $616 and $624.35.
London Precious Metals Prices
Earlier fixed London gold and silver prices remained divided. In comparing London bullion prices from Wednesday PM to Thursday PM:
- Gold lost $2.75, or 0.3%, to $1,087.50 an ounce.
- Silver rose 3 cents, or 0.2%, to $14.64 an ounce.
LBMA platinum and palladium prices are displayed on the LBMA’s website with a delay of midnight after the setting of the prices each day.
US Mint Bullion Coin Sales in July
United States Mint bullion sales advanced yet again on Thursday with gold coins jumping 11,000 ounces and silver coins rising 197,500 ounces.
American Silver Eagles have hit 5.529 million for the month, behind 1,000 from the 2015 monthly high in January.
American Gold Eagle sales in July now stand at 170,000 ounces, the highest in a month than any since sales of 209,500 ounces in April 2013.
Below is a listing of U.S. Mint bullion products that shows the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Thursday Sales||Last Week||This Week||June Sales||July Sales||YTD Sales|
|$50 American Eagle 1 Oz Gold Coins||4,500||37,500||22,000||62,500||144,500||343,000|
|$25 American Eagle 1/2 Oz Gold Coins||1,000||3,000||3,000||4,000||10,000||46,000|
|$10 American Eagle 1/4 Oz Gold Coins||0||4,000||6,000||12,000||28,000||98,000|
|$5 American Eagle 1/10 Oz Gold Coins||5,000||20,000||20,000||85,000||135,000||525,000|
|$50 American Buffalo 1 Oz Gold Coins||500||12,500||6,500||21,000||32,000||128,500|
|$1 American Eagle 1 Oz Silver Coins||197,500||0||2,820,000||4,840,000||5,529,000||27,315,000|
|2015 Homestead 5 Oz Silver Coins*||–||35,000|
|2015 Kisatchie 5 Oz Silver Coins*||–||42,000|
|2015 Blue Ridge Parkway 5 Oz Silver Coins*||0||0||2,400||35,000||10,000||45,000|