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|