Gold stood alone with gains among precious metals Thursday. Palladium was the biggest loser on the day, plunging 3.6% after scoring a record on Wednesday.
Gold for February delivery rose $1, or less than 0.1%, to settle at $1,243.60 an ounce on the Comex division of the New York Mercantile Exchange.
"If gold was ever going to stage a meaningful rally it will be now: stocks and yields are falling and dollar is isn’t doing too great either, apart from against commodity currencies, owing to the ongoing risk-off trade," MarketWatch quoted Fawad Razaqzada, technical analyst with Forex.com.
Gold futures ranged from a low of $1,240 to a high of $1,249.90. They shed 0.3% on Wednesday, gained 0.6% on Tuesday — marking their best close since July 12, and they rose 1.1% on Monday.
Silver for March delivery lost 7.3 cents, or 0.5%, to settle at $14.509 an ounce. Silver futures traded between $14.41 and $14.59. They declined 0.4% on Wednesday, they advanced 1% on Tuesday for their strongest finish since Nov. 5, and they jumped 2% on Monday.
In other precious metals futures prices Thursday:
January platinum fell $12.40, or 1.6%, to $789.60 an ounce, ranging from $785 to $803.80.
- Palladium for March delivery sank $42.50 to $1,141.90 an ounce, trading between $1,135.80 and $1,188.30. On Wednesday, they settled at a record of $1,184.40 an ounce.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $6.65, or 0.5%, to 1,242.55 an ounce.
- Silver declined 10 cents, or 0.7%, to $14.38 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 / December||November||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||11,000||0||16,000||188,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||0||4,000||32,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||62,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||20,000||230,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,500||0||5,500||120,000|
|$1 American Eagle 1 Oz Silver Coin||0||375,000||150,000||1,645,000||15,360,000|
|Pictured Rocks 5 Oz Silver Coin*||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin*||0||0||0||0||30,000|
|Voyageurs 5 Oz Silver Coin*||0||0||0||0||30,000|
|Cumberland Island 5 Oz Silver Coin||0||0||0||0||52,500|
|Block Island 5 Oz Silver Coin||0||80,000||0||80,000||80,000|