Gold, silver and platinum futures scored gains on Thursday that reached from 1.2% to 1.7%. Gold settled atop the all-important level of $1,300 an ounce for the first time since Monday of last week.
Gold for June delivery tacked on $14.80, or 1.2%, to settle at $1,304.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the strongest since May 14.
"Although gold had been showing moderate strength in recent sessions, I chalk up today’s spike to safe haven buying, and such moves are never long-lasting phenomena that investors should bet upon," MarketWatch quoted Brien Lundin, editor of Gold Newsletter.
"Still, getting back above $1,300 and putting such a buffer between it and that critical level does help the technical picture for gold," he said.
Gold futures traded from a low of $1,292.20 to a high of $1,306.40. They declined 0.2% on Wednesday — ending just 20 cents higher than their weakest close of the year, rose 0.09% on Tuesday, and slipped less than 0.1% (40 cents) on Monday.
Silver for July delivery jumped 28.2 cents, or 1.7%, to close at $16.687 an ounce. Silver futures ranged from $16.42 to $16.72. They fell 1% on Wednesday, gained 0.3% on Tuesday, and rose 0.4% on Monday.
In other precious metals futures prices on Thursday:
July platinum rose $11.80, or 1.3%, to $912.60 an ounce, trading between $903.30 and $914.70.
- Palladium for June delivery slipped $3.60, or 0.4%, to $967.50 an ounce, ranging from $963.60 to $978.50.
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 Thursday. 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||0||10,000||0||0||10,000||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||3,000||8,000||4,000||12,500||60,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||0||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||12,000||6,000||0||18,000||44,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||5,000||10,000||110,000|
|$50 American Buffalo 1 Oz Gold Coin||0||5,500||6,500||2,000||16,500||47,000|
|$1 American Eagle 1 Oz Silver Coin||0||100,000||230,000||915,000||380,000||6,387,500|
|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|