Precious metals futures were divided again Thursday with gold and palladium modestly lower and silver and platinum slightly higher. Gold marked a new settlement low for the year.
Gold for June delivery fell $2.10, or nearly 0.2%, to settle at $1,289.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the lowest since Dec. 26 when the yellow metal ended at $1,287.50 an ounce.
"The firm U.S. dollar and rising U.S. bond yields are continuing to exert pressure," MarketWatch quoted Carsten Fritsch, commodities analyst at Commerzbank.
Gold futures traded from a low of $1,284 to a high of $1,294. They inched up 0.09%, on Wednesday, dropped 2.1% on Tuesday, and shed 0.2% on Monday.
Silver for July delivery rose 11 cents, or 0.7%, to settle at $16.481 an ounce. Silver futures ranged from $16.33 to $16.51. They climbed 0.6% on Wednesday, tumbled 2.3% on Tuesday, and declined 0.5% on Monday.
In other precious metals futures prices on Thursday:
July platinum gained $2.30, or 0.3%, to $892.10 an ounce, trading between $883.60 and $895.50.
- Palladium for June delivery declined $5, or 0.5%, to $977.50 an ounce, ranging from $970 to $984.10.
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 registered gains of 500 ounces in platinum coins. 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||April||May||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||500||0||7,800||0||7,800||27,800|
|$50 American Eagle 1 Oz Gold Coin||0||1,500||3,000||4,000||4,500||52,000|
|$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||12,000||0||12,000||38,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||5,000||5,000||105,000|
|$50 American Buffalo 1 Oz Gold Coin||0||4,500||5,500||2,000||10,000||40,500|
|$1 American Eagle 1 Oz Silver Coin||0||50,000||100,000||915,000||150,000||6,157,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin||0||0||0||30,000||0||30,000|