Most precious metals futures finished lower Thursday. Gold was the exception, registering its third gain in four sessions.
Gold for December delivery rose $2.70, or 0.2%, to settle at $1,230.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Given equity weakness, gold looks increasingly attractive as a defensive hedge," MarketWatch quoted Stephen Innes, Asia-Pacific head of trading at Oanda, in an email update. "But with the [dollar] refusing to stay down for the count, markets could be torn between competing narratives over the near term, weaker equities vs. the stronger USD."
Gold futures ranged from a low of $1,221.70 to a high of $1,233.60. They shed 0.3% on Wednesday, edged up less than 0.1% on Tuesday — closing at their highest price since July 31, and they moved up 0.7% on Monday.
Ending down for a third day in a row, silver for December declined 5.9 cents, or 0.4%, to $14.604 an ounce. Silver futures traded between $14.47 and $14.68. They lost 0.3% on Wednesday, declined 0.2% on Tuesday, and rose 0.6% on Monday for their best settlement since Aug. 28.
In other precious metals futures prices Thursday:
January platinum fell $8.90, or 1.1%, to $831.70 an ounce, ranging from $828.60 to $837.30.
- Palladium for December delivery lost $2.90, or 0.3% to $1,064.70 an ounce, trading between $1,057.50 and $1,070.60.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold declined $6.05, or 0.5%, to 1,223 an ounce.
- Silver fell 13.5 cents, or 0.9%, to $14.515 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 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||September||October||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||6,000||2,500||14,500||13,000||164,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||1,000||2,000||2,000||26,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||0||58,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||40,000||10,000||210,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,000||2,500||11,000||5,000||113,000|
|$1 American Eagle 1 Oz Silver Coin||0||260,000||200,000||2,897,500||1,130,000||13,265,000|
|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|
|Cumberland Island 5 Oz Silver Coin||0||0||0||52,500||0||52,500|