In precious metals futures on Thursday, palladium stood alone with gains while gold, silver and platinum declined for a second straight session. Gold ended at a new, five-week low.
Gold for June delivery shed $4.90, or 0.4%, to settle at $1,317.90 an ounce on the Comex division of the New York Mercantile Exchange. The close is the weakest since March 20.
"What gold is looking for is a new consolidation range after the quick move back to the downside in the absence of safe-haven buying we saw earlier in April," MarketWatch quoted Jeff Wright, executive vice president at Gold Mining Inc.
Gold futures ranged from a low of $1,316.20 to a high of $1,328. They lost 0.8% on Wednesday, advanced 0.7% on Tuesday, and dropped 1.1% in starting the trading week on Monday.
Silver for May delivery dipped 1.1 cents, or less than 0.1%, to settle at $16.491 an ounce. Silver futures traded between $16.38 and $16.58. They fell 1.2% on Wednesday, rose 0.7% on Tuesday, and sank 3.4% on Monday
In other precious metals futures on Thursday:
-
July platinum fell $2.60, or 0.3%, to $910.10 an ounce, ranging from $907.80 to $919.40.
- Palladium for June delivery added $11.55, or 1.2%, to $979.05 an ounce, trading between $960.45 and $987.60.
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 climbed for the first time this week with a modest 25,000 increase in American Silver Eagles.
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 / This Week | Last Week | March | April | 2018 Sales | |
$100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 20,000 |
$50 American Eagle 1 Oz Gold Coin | 0 | 500 | 2,500 | 2,500 | 46,000 |
$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 | 500 | 1,000 | 1,000 | 29,500 |
$1 American Eagle 1 Oz Silver Coin | 25,000 | 275,000 | 915,000 | 635,000 | 5,727,500 |
Pictured Rocks 5 Oz Silver Coin | 0 | 0 | 10,000 | 0 | 30,000 |
Apostle Islands 5 Oz Silver Coin | 0 | 30,000 | N/A | 30,000 | 30,000 |