Gold futures ended higher for the fourth time in five sessions Thursday on rising demand for safe-havens.
Gold for June delivery gained $4.80, or 0.4% to settle at $1,253.30 an ounce on the Comex division of the New York Mercantile Exchange.
"The key is if we can get gold to close higher this week and get over $1,264 — that’s my breakout number — if it can do that, then we could go to $1,280 to $1,300," MarketWatch quoted Ira Epstein, managing director at Linn Group
Gold futures ranged from a low of $1,251.30 to a high of $1,260.90. They fell 0.8% on Wednesday, advanced 0.4% on Tuesday — ending at their highest level since Feb 27, and gained 0.2% on Monday.
Meanwhile, silver for May delivery rose 5.9 cents, or 0.3%, to end at $18.246 an ounce. Silver futures traded between $18.16 and $18.36. They lost 0.7% on Wednesday, edged up 0.6% on Wednesday — logging their best settlement since March 1, and slipped 0.2% on Monday.
In other precious metals:
July platinum dipped 70 cents, or less than 0.1%, to $958.90 an ounce, ranging from $953.80 to $966.
- Palladium for June delivery fell $3.65, or 0.5%, to $804.10 an ounce, trading between $796 and $812.35.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Wednesday PM to Thursday PM:
- Gold added $6.70, or 0.5%, to $1,252.50 an ounce.
- Silver declined 4 cents, or 0.2% to $18.22 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 remained unchanged Thursday. Below is a sales breakdown of U.S. 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 Sales||Last Week||This Week / April||Mar Sales||2017 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||0||1,500||1,500||16,000||125,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||25,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||2,000||4,000||46,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||35,000||195,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,500||1,000||8,500||56,500|
|$1 American Eagle 1 Oz Silver Coin||0||320,000||255,000||1,615,000||8,212,500|
|2017 Frederick Douglass 5 Oz Silver Coin||0||N/A||9,700||N/A||9,700|
|2017 Effigy Mounds 5 Oz Silver Coin||0||200||600||200||20,300|