On Thursday, and for a second time this week, precious metals futures ended divided with gold and silver higher and platinum and palladium lower. Silver scored a seven-week high while gold ended at a one-week high.
Gold for August delivery gained $1.60, 0.1%, to settle at $1,303 an ounce on the Comex division of the New York Mercantile Exchange. The finish is the highest since Thursday of last week.
"The yellow metal continues to trade in a very narrow range between $1,290 and $1,307 established in recent weeks and has surprisingly remained largely unfazed by the latest pullback in the U.S. dollar," MarketWatch quoted Marios Hadjikyriacos, a strategist at brokerage XM.
Gold futures ranged from a low of $1,299 to a high of $1,307.80. They shed less than 0.1% on Wednesday, advanced 0.4% on Tuesday, and dipped 0.2% on Monday, ending at their lowest price since May 23.
Silver for July delivery rose 12.1 cents, or 0.7%, to settle at $16.815 an ounce — its best close since April 20. Silver futures traded between $16.50 and $16.77. They moved up 0.9% on Wednesday, rose 0.7% on Tuesday and declined less than 0.1% on Monday.
In other precious metals futures:
July platinum declined $7.30, or 0.8%, to $900.30 an ounce, ranging from $898.50 to $910.50.
- Palladium for September delivery fell $5.60, or 0.6%, to $1,009.60 an ounce, trading between $1,005 and $1,026.
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 / June||April||May||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||10,000||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||6,000||5,500||4,000||18,500||71,500|
|$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||18,000||44,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||5,000||10,000||115,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||5,000||2,000||16,500||52,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||100,000||915,000||380,000||6,487,500|
|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|