Gold, silver, and platinum futures closed higher on Thursday for the first time since the end of last week. Palladium, however, extended its losing streak to four straight sessions — though barely.
Gold for December delivery advanced $7, or 0.5%, to settle at $1,290 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices ended the U.S. day session higher Thursday, on a corrective bounce from selling pressure seen earlier this week," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A weaker U.S. dollar index and a downturn in world stock markets were supportive daily elements for the metals markets."
Gold futures traded from a low of $1,277.60 to a high of $1,292. They slipped 0.2% in the previous session — ending at their lowest price since Oct. 6, declined 1.3% on Tuesday, and dipped 0.1% on Monday.
Silver for December delivery jumped 25.8 cents, or 1.5%, to settle at $17.255 an ounce. Silver futures ranged from $16.93 to $17.30. They shed 0.3% on Wednesday — finishing at their weakest point since Oct. 9, lost 1.9% on Tuesday, and fell 0.2% on Monday.
In other precious metals futures prices:
January platinum added $1.30, or 0.1%, to $925.90 an ounce, trading between $920 and $931.50.
- Palladium for December delivery edged down 15 cents, or less than 0.1%, to $952.80 an ounce, ranging from $943.10 to $962.35.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $6.20, or 0.5%, to 1,286.40 an ounce.
- Silver rose 7.5 cents, or 0.4%, to $17.025 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. 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)|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||20,000|
|$25 American Eagle 1 Oz Palladium Coin*||0||0||15,000||0||15,000|
|$50 American Eagle 1 Oz Gold Coin||0||3,000||8,000||8,000||178,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||1,000||2,000||32,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||2,000||58,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||25,000||25,000||355,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,000||1,500||4,500||81,000|
|$1 American Eagle 1 Oz Silver Coin||0||150,000||320,000||750,000||16,648,500|
|2017 Effigy Mounds 5 Oz Silver Coin||0||0||0||0||35,000|
|2017 Frederick Douglass 5 Oz Silver Coin||0||0||0||0||20,000|
|2017 Ozark Riverways 5 Oz Silver Coin||0||0||0||0||20,000|
|2017 Ellis Island 5 Oz Silver Coin*||0||0||0||0||40,000|