Gold futures ended slightly higher Thursday, logging their fourth gain in five sessions. Other precious metals closed lower on the day.
Gold for June delivery tacked on $3.80, or 0.3%, to settle at $1,285.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Some mild safe-haven demand is featured amid two geopolitical developments this week. A weaker U.S. dollar index today is also working in favor of the precious metals market bulls," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a note. "However, gains in gold are limited by the specter of slower global economic growth meaning less demand for precious metals."
Gold futures ranged from a low of $1,280.40 to a high of $1,286.40. They fell 0.3% on Wednesday, gained 0.1% on Tuesday — marking a one-week high, and rose 0.2% on Monday.
Silver for July delivery lost 8.9 cents, or 0.6%, to close at $14.773 an ounce. Silver futures traded between $14.71 and $14.88. They gave back 0.4% on Wednesday, slipped one-tenth of a cent on Tuesday, and declined 0.3% on Monday.
In other precious metals futures prices:
July platinum dropped $13, or 1.5%, to $851.40 an ounce, ranging from $851.10 to $866.
- Palladium for June delivery fell $23.40, or 1.8%, to $1,283 an ounce, trading between $1,256.50 and $1,317.40.
London Precious Metals Prices
In comparing fixed London gold and silver prices from Wednesday PM to Thursday PM
- Gold rose 90 cents, or less than 0.1%, to $1,281.40 an ounce.
- Silver declined 11 cent, or 0.7%, to $14.82 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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Thursday / This Week||Last Week||March||April||May||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||2,600||4,000||6,500||0||40,000|
|$50 American Eagle 1 Oz Gold Coin||0||1,000||8,500||6,500||0||70,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||1,000||1,000||0||19,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||4,000||2,000||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||15,000||10,000||0||145,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,500||5,500||6,500||0||41,500|
|$1 American Eagle 1 Oz Silver Coin||0||714,000||850,000||1,196,000||68,000||8,189,000|
|Lowell 5 Oz Silver Coin*||0||0||80,000||0||0||80,000|