Gold, silver, and palladium futures ended lower Thursday. Gold’s loss was its first in three sessions.
Gold for February delivery declined $4.20, or 0.3%, to settle at $1,279.80 an ounce on the Comex division of the New York Mercantile Exchange.
"As usual, strength in the dollar would appear to be the primary culprit behind the weakness throughout the metals complex," MarketWatch quoted analysts from a report by Zaner Precious Metals.
Gold futures ranged from a low of $1,275.30 to a high of $1,283.90. They rose less than 0.1% on both Wednesday and Tuesday.
Elsewhere, silver for March delivery shed 8 cents, or 0.5%, to settle at $15.30 an ounce. Silver futures traded between $15.24 and $15.41. They added 0.4% on Wednesday and declined 0.5% on Tuesday.
In other precious metals prices Thursday:
April platinum tacked on $8.60, or 1.1%, to $805 an ounce, ranging from $792 to $807.10.
- Palladium for March delivery dropped $27.50, or 2.1%, to $1,280.70 an ounce, trading between $1,275.10 and $1,314.30. Last Thursday, palladium posted a record settlement at $1,348.20 an ounce.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $3.90, or 0.3%, to $1,283.70 an ounce.
- Silver added 4 cents, or 0.3%, to $15.30 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight
US Mint 2019 Bullion Sales
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||2018 Sales||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||2,800||0||0||30,000||25,600|
|$50 American Eagle 1 Oz Gold Coin||0||8,500||1,500||3,000||191,000||42,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||0||32,000||14,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||4,000||0||0||62,000||20,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||15,000||0||0||230,000||75,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,500||1,500||1,500||121,500||22,500|
|$1 American Eagle 1 Oz Silver Coin||0||710,000||375,000||490,000||15,700,000||3,931,000|