Thursday marked another day of very modest movements in precious metals prices. Palladium and gold were near unchanged while platinum rose 0.3% and silver climbed 0.6%.
Gold for December delivery added 50 cents, or less than 0.1%, to settle at $1,278.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices ended the U.S. day session near unchanged in lackluster, two-sided dealings Thursday. There have been no significant news developments recently to drive the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "That has left gold and silver to be more influenced by the daily price action in the U.S. dollar index."
Gold futures ranged from a low of $1,274.90 to a high of $1,281.80. They slipped 0.4% on Wednesday, settled up 0.3% on Tuesday, and gained 0.4% in starting the week on Monday.
Silver for December delivery advanced 10.1 cents to settle at $17.072 an ounce. Silver futures traded between $16.94 and $17.13. They dropped 0.6% in the previous session, gained 0.2% on Tuesday, and moved up 1% on Monday.
In other precious metals futures prices:
January platinum added $3.10 to $936.20 an ounce, ranging from $930.40 to $937.30.
- Palladium for December delivery dipped 25 cents, or less than 0.1%, to $984.85 an ounce, trading between $978.50 and $988.65.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold declined $2.20, or 0.2%, to 1,280 an ounce.
- Silver lost 7.5 cents, or 0.4%, to $17.04 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
U.S. 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)|
|Thursday||Last Week||This Week||October||November||YTD|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||20,000|
|$25 American Eagle 1 Oz Palladium Coin*||0||0||0||0||0||15,000|
|$50 American Eagle 1 Oz Gold Coin||0||1,500||2,500||11,000||5,000||186,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||2,000||0||32,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||0||58,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||10,000||30,000||10,000||370,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||500||7,000||1,000||84,500|
|$1 American Eagle 1 Oz Silver Coin||0||90,000||175,000||1,040,000||265,000||17,203,500|
|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|
|2017 Ellis Island 5 Oz Silver Coin*||0||0||0||0||0||40,000|
|2017 George Rogers Clark 5 Oz Silver Coin*||0||N/A||30,900||N/A||30,900||30,900|