Most precious metals retreated Thursday. Silver was the exception, barely, registering a fresh three and a half month high.
Gold for February delivery declined $2.60, or 0.2%, to settle at $1,247.40 an ounce on the Comex division of the New York Mercantile Exchange.
"The fact that we are seeing some risk coming back to the market: the stocks are climbing, the dollar is up and the yen is weaker, does remove some of the demand in gold. But overall, it’s holding relatively well but is missing a spark to move higher," Reuters quoted Saxo Bank analyst Ole Hansen.
Gold futures ranged from a low of $1,244.40 to a high of $1,251.70. They rose 0.2% on Wednesday, declined 0.2% on Tuesday, and lost 0.3% on Monday.
Elsewhere, silver for March delivery edged up less than half a cent to $14.855 an ounce. The settlement was the highest since silver ended at $14.859 an ounce on Aug. 27. Silver futures traded between $14.76 and $14.90. They gained 1.5% on Wednesday, rose 0.2% on Tuesday, and slipped 0.6% on Monday.
In other precious metals futures prices Thursday:
January platinum fell $9.60, or 1.2%, to $797.50 an ounce, ranging from $790.60 to $808.60.
- Palladium for March delivery shed $3.80, or 0.3%, to $1,190.70 an ounce, trading between $1,181.40 and $1,199. On Wednesday, the closed at a record of $1,194.50 an ounce.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold declined $2.55, or 0.2%, to 1,242.75 an ounce.
- Silver rose 2.5 cents, or 0.2%, to $14.68 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 limited to 500 ounces in American Buffalo gold coins. 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||November||December||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||0||1,000||16,000||1,000||189,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||4,000||0||32,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||0||62,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||20,000||0||230,000|
|$50 American Buffalo 1 Oz Gold Coin||500||0||1,500||5,500||1,500||121,500|
|$1 American Eagle 1 Oz Silver Coin||0||150,000||75,000||1,645,000||225,000||15,435,000|
|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||0||0||52,500|
|Block Island 5 Oz Silver Coin||0||0||0||80,000||0||80,000|