Precious metals were mixed Thursday. Gold and silver futures logged modest changes for a fourth straight session.
Gold for December delivery shed $2.70, or 0.2%, to settle at $1,292 an ounce on the Comex division of the New York Mercantile Exchange.
Investors are anxiously awaiting Friday’s annual economic policy symposium held in Jackson Hole, Wyoming, opined analysts.
"The market is pricing in the Federal Reserve’s actions at the Jackson Hole meeting and people are expecting some kind of tightening going on in that space," Reuters quoted Richard Xu, a fund manager at China’s biggest gold exchange-traded fund, HuaAn Gold. "So that’s why gold is going to be under some kind of pressure."
Gold futures ranged from a low of $1,289.30 to a high of $1,296.80. They added 0.3% on Wednesday, declined 0.4% on Tuesday, and climbed 0.4% on Monday to mark their best close since June 6.
Elsewhere, silver for September delivery declined 8.3 cents, or just under 0.5%, to settle at $16.963 an ounce. Silver futures traded between $16.81 and $17.10. They rose 0.4% in the previous session, dipped 0.2% on Tuesday, and edged up 0.09% on Monday.
In other precious metals futures prices on Thursday:
October platinum added $1.70, or 0.2%, to $982.60 an ounce, ranging from $975.30 to $986.
- Palladium for September delivery rose $3.15, or 0.3%, to $936.15 an ounce, trading between $926.20 and $934.05. On Monday, they ended at $939 an ounce for their highest settlement since February 2001.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold added $2.35 or 0.2%, to 1,289 an ounce.
- Silver declined 13 cents, or 0.8%, to $16.93 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2017
United States Mint bullion sales were unchanged Wednesday as of 3:09 p.m. ET. 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||Last Week||This Week||July||August||YTD|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||0||0||1,500||13,500||6,000||161,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||1,000||0||2,000||29,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||4,000||2,000||54,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||15,000||30,000||15,000||305,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||500||6,000||2,500||74,500|
|$1 American Eagle 1 Oz Silver Coin||0||125,000||190,000||2,320,000||425,000||14,978,500|
|2017 Effigy Mounds 5 Oz Silver Coin||0||0||0||0||0||35,000|
|2017 Frederick Douglass 5 Oz Silver Coin||0||0||0||0||0||20,000|
|2017 Ozark Riverways 5 Oz Silver Coin||0||0||0||0||0||20,000|