Gold Declines and Silver Climbs on Thursday, April 5

by CoinNews.net on April 5, 2018 · 17 comments

One gold bullion bar and graph

Gold futures slipped 0.9% on Thursday, April 5

Silver stood alone with gains among precious metals futures Thursday. Gold ended at its lowest price in a week.

Gold for June delivery declined $11.70, or 0.8%, to settle at $1,328.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the weakest since a week ago Thursday, March 29.

"The world marketplace quickly returned to a more robust risk appetite today, as evidenced by rallying stock markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A higher U.S. dollar index today that scored a five-week high also was a negative element for the precious metals markets."

Gold futures traded from a low of $1,326 to a high of $1,338.70. They climbed 0.2% on Wednesday, declined 0.7% on Tuesday and advanced 1.5% on Monday.

Silver for May delivery tacked on 10.1 cents, or 0.6%, to close at $16.355 an ounce. Silver futures ranged from $16.15 to $16.40. The lost 0.8% on Wednesday, dropped 1.7% on Tuesday and surged 2.5% on Monday.

In other precious metals futures prices:

  • July platinum declined $2.80, or 0.3%, to $915.30 an ounce, trading between $910.50 and $922.50.

  • Palladium for June delivery lost $17.80, or 1.9%, to $900.10 an ounce, ranging from $896.30 to $925.65.

LBMA bullion prices are available on the LBMA website with a delay of midnight.

US Mint Bullion Sales in 2018

United States Mint bullion sales were unchanged as of 3:35 p.m. ET. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Thursday Last Week March This Week / April 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 0 2,500 0 43,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 10,000 0 95,000
$50 American Buffalo 1 Oz Gold Coin 0 0 1,000 0 28,500
$1 American Eagle 1 Oz Silver Coin 0 285,000 915,000 210,000 5,302,500
Pictured Rocks 5 Oz Silver Coin 0 10,000 10,000 0 30,000

 

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Old+Collector

Hi yo silver!

Mouse

That’s right…hi yo silver lol Im going to liquidate a couple of 100 oz silver bars tomorrow as I have my eye on a couple of coins and don’t want to miss the boat. Keep climbing silver…always a good buy.

Old+Collector

Mouse,
Before I do anything else I’m giving you a great big thumbs up “+” vote to offset the troll’s “-” aka kneejerk downvote that had already been so randomly and gratuitously applied to your excellent comment by whatever version of typically unsavory troglodyte currently happens to be slithering its foul, fetid way along our otherwise pristine, hallowed passages. 😉
As for the REAL matter at hand, good for you on going all in with great gusto while the going is so very good; kudos, my friend! 🙂

Joe+Brown

Old Collector – how*u*doing! :cool:. Never paid much notice ever since *coin*news did a make over of this site! So this thumbs up & thumbs down thing, well it’s beyond my knowledge, but the people who give up & down thumbs, am i* missing something, is there a way to find their comment on why a thumb up or down? Or is it a >chumpsshame< : 😡 👿 😳 ! 🙁 😕 :hmm: :mrgreen:

Joe+Brown

i* do get a kick out of, half of what i* really said is missing! I*m sure if i* played around with this crappy machine long enough, *i could do something stupid too! But it would be *good to know for a good reason, if need be, an’t going to loose a good sleep tho, i*m sure the hackers don’t sleep very well, looking over their shoulder & peering out their windows night & day, nothing good come with that crap, but a life in >Hell< with peg head himself! Laugh on u man!*smile

Joe+Brown

Old Collector – *i should have said this first, before i* lost my train of thought*, somewhat the first time,*smile! We* PISS >THEMtheythey< know it or not, the i* in the sky sea*s your every move, even how many times u wipe your butt! Nap time, whats on this early morning? Surprise me*!*/smile.

Old+Collector

Joe Brown, Here’s the scoop, matey. As soon as one of us – you, Mouse, me, for example – posts a new comment on here the phantom troll(s) swoop(s) in and drops a thumbs-down aka “-” (negative symbol) vote on it. There is no accountability for employing this indicator, no explanation given for why, and most certainly no identification of the serially repeating offender and seriously obsessive perpetrator; it’s just a wham bam thank you ma’am and done. So all of the analysis we may be inclined to engage in of this increasingly insane brouhaha tells us nothing more than… Read more »

Joe+Brown

Great Caesars Ghost himself, is it his birthday! Hey Old Collector! More than likely, just some lost soul* that needs help from them self, full of resentments threw out his life, of which *i had my share, no ?! But one thing i* have, as long as i* can remember is my big brother *star*man* it always works out with him, no matter how long i* gotta wait, never fail! He just wants me to understand my rights & wrongs, & correct my wrong when i* do so, be* *leave *i had my*share! *I will say a pray for them,… Read more »

Old+Collector

Joe Brown, Resentments are such a common, pervasive thread throughout humanity we easily take them for granted; after all, who hasn’t been plagued by them? Living in a crystal palace should include the strict reluctance to cast stones, but unfortunately the temptation is always lurking. Being so easily subject to the forces of everyday aggravation may all too often lead directly into the path of anger. When something is especially bothersome, perhaps the first look should always be into the mirror. And finally, when all of those many, unavoidable annoyances begin to accumulate in the way they are given to,… Read more »

Joe+Brown

i* guess not everyone one has a mirror!

Old+Collector

Or doesn’t think to look in it.

Seth+Riesling

Mike Unser –

I miss the London spot closings the last few days in your precious metals daily report as they are more important than futures as the London pm spot prices are what the U.S. Mint uses to price its daily bullion version coins.

-NumisdudeTX

Old+Collector

Seth Riesling,
I second and support your request. For our specific purposes, daily spot is what counts and matters; let’s leave the futures reports to the long-term speculators.

Mouse

Well said Seth. I am surprised that the U.S mint does not post London spot price on their site as they clearly state that they base their collectors coins on current spot – based on the London spot. If they showed current London spot on their site they could increase consumer confidence and show integrity and transparency. Hope to see some progressive changes to the mint with their new leadership.

Old+Collector

Hear hear, Mouse! It never hurts for consumer confidence to get a shot of believable bolstering combined with a dose of plausible reassurance.

Seth+Riesling

Mike Unser –

Thanks for explaining it. I will use the ad towards the bottom of your report each day to check on the Kitco website as I do from time to time for precious metals investment news.

-NumisdudeTX