Gold and silver futures traded in very narrow ranges Thursday with both logging modest settlement changes for a third straight session.
Gold for December delivery dipped $1.10, or 0.09%, to settle at $1,219.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Right now, gold is in a holding pattern until you get a little bit more of data," Reuters quoted Josh Graves, senior commodities strategist at RJO Futures.
Gold futures ranged from a low of $1,218.40 to a high of $1,225.60. They added 0.2% on Wednesday, climbed less than 0.1% on Tuesday, and lost 0.5% on Monday — ending at their worst level since July 13, 2017.
Ending higher for a third straight day, silver for September settled up 3 cents, or 0.2%, to $15.462 an ounce. Silver futures traded between $15.38 and $15.53. They gained 0.4% on Wednesday, rose 0.2% on Tuesday, and dropped 0.7% on Monday — closing at their lowest point since April 7, 2016.
In other precious metals futures prices on Thursday:
October platinum advanced $4.60, or 0.6%, to $834.10 an ounce, ranging from $827.50 to $842.30.
- Palladium for September delivery tacked on $12, or 1.4%, to $898.40 an ounce, trading between $885.30 and $901.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $4.80, or 0.4%, to 1,214.35 an ounce.
- Silver added 13.5 cents, or 0.9%, to $15.48 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2018
United States Mint bullion sales grew by 5,000 ounces in $50 American Gold 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||Last Week||This Week||July||August||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||5,000||2,000||6,000||31,500||6,500||125,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||0||18,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||0||50,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||25,000||0||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||6,500||9,000||24,500||9,500||87,500|
|$1 American Eagle 1 Oz Silver Coin||0||130,000||235,000||885,000||265,000||7,972,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin||0||0||0||0||0||30,000|
|Voyageurs 5 Oz Silver Coin||0||0||0||0||0||30,000|
This article was edited to include updated U.S. Mint bullion figures.