Precious metals futures ended lower Thursday. Silver’s loss was its first in five sessions with prices slipping slightly from a near three-month high while gold retreated from a one-week high.
Gold for June delivery shed $4.70, or 0.3%, to settle at $1,348.80 an ounce on the Comex division of the New York Mercantile Exchange.
"There was a bit of upward momentum, but you are still in the $1,300-$1,365 range. It’s more of a technical trade at the moment — it tries the upside again and if that doesn’t succeed then it falls back," Reuters quoted Dan Denbow, USAA senior portfolio manager. "Rates are up and dollar-supportive. The Fed still seems to be on the path for tightening. The Fed and cryptocurrencies, a bit, have been hampering (gold)."
Gold futures traded between $1,343.20 and $1,357.70. They rose 0.3% on Wednesday to close at their best level since April 11, dipped less than 0.1% on Tuesday, and climbed 0.2% on Monday.
After advancing in nine of the last ten sessions, silver for May delivery dipped less than a penny, or 0.05%, to finish at $17.239 an ounce. Silver futures ranged from $17.09 to $17.36. They surged 2.8% on Wednesday — posting their best settlement since Jan. 26, rose 0.7% on Tuesday, and edged up 0.1% on Monday.
In other precious metals futures prices:
July platinum declined $5.70, or 0.6%, to $940.10 an ounce, trading between $935.40 and $957.40.
- Palladium for June delivery fell $8.50, or 0.8%, to $1,026.45 an ounce, ranging from $1,013.35 to $1,047.75.
London Precious Metals Prices
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. 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||This Week||March||April||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||0||2,000||500||2,500||2,500||46,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||0||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||0||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||10,000||0||95,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||500||1,000||1,000||29,500|
|$1 American Eagle 1 Oz Silver Coin||0||125,000||275,000||915,000||610,000||5,702,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||10,000||0||30,000|
|Apostle Islands 5 Oz Silver Coin||0||N/A||30,000||N/A||30,000||30,000|