Gold and silver futures snapped a three-session losing streak Thursday, with each scoring their best close in 3-1/2 months as the U.S. dollar weakened and safe-haven demand climbed.
Gold for April delivery tacked on $18.10, or 1.5%, to settle at $1,251.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Nov. 10 when prices ended at $1,266.40 an ounce.
"The dollar’s backed off, bond yields have backed off, and that’s given a bit of support for gold," Reuters quoted Robin Bhar at Societe Generale.
Gold futures ranged from a low of $1,236.40 to a high of $1,252.20. They are 1% higher so far this week.
Elsewhere, silver for March delivery advanced 16.7 cents, or 0.9%, to $18.117 an ounce. Like for gold, the settlement is the highest since Nov. 10. Silver futures traded between $17.92 and $18.21. They are 0.5% higher on the week.
In rounding out precious metals dealings:
April platinum added $9.20, or 0.9%, to $1,011.90 an ounce, ranging from $997.40 to $1,020.60.
- Palladium for March delivery added $4.25, or 0.6%, to $773.30 an ounce, trading between $762.10 and $780.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Wednesday PM to Thursday PM:
- Gold rose $11.25, or 0.9%, to $1,247.90 an ounce.
- Silver was unchanged $18.00 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Coin Sales in 2017
U.S. Mint bullion sales were unchanged as of 3:41 p.m. ET. This article will be updated if new figures become available by the end of the day.
Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Thursday Sales||Last Week||Tuesday Sales||Jan Sales||Feb Sales||2017 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||20,000||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||0||5,000||3,000||86,500||19,500||106,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||19,000||5,000||24,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||36,000||2,000||38,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||125,000||15,000||140,000|
|$50 American Buffalo 1 Oz Gold Coin||0||4,500||2,500||32,000||14,500||46,500|
|$1 American Eagle 1 Oz Silver Coin||0||360,000||155,000||5,127,500||765,000||5,892,500|
|2017 Effigy Mounds 5 Oz Silver Coin||0||1,000||600||0||19,300||19,300|
|2016 Shawnee 5 Oz Silver Coins*||–|
|2016 Cumberland Gap 5 Oz Silver Coin*||–|
|2016 Harpers Ferry 5 Oz Silver Coin||0||0||0||100||0||0|
|2016 Theodore Roosevelt 5 Oz Silver Coin*||–||800||–|
|2016 Fort Moultrie 5 Oz Silver Coin||0||0||0||0||0||0|