Precious metals divided Thursday. Gold and silver gained while platinum and palladium declined. Gold’s close was its best in a week.
Gold for June delivery tacked on $11.20, or 0.9%, to settle at $1,285.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since last Thursday, May 16.
"Slumping world stock markets and crude oil prices today have put a safe-haven bid into the gold and silver markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.
Gold futures ranged from a low of $1,272.10 to a high of $1,287.10. They added less than 0.1% on Wednesday, declined 0.3% on Tuesday — closing at their lowest price since May 2, and rose 0.1% on Monday.
Silver for July delivery gained 16.4 cents, or 1.1%, to settle at $14.613 an ounce. Silver futures traded between $14.40 and $14.64. They added 0.3% on Wednesday, lost 0.2% on Tuesday and gained 0.4% on Monday.
In other precious metals prices Thursday:
July platinum fell $5.80, or 0.7%, to $799.50 an ounce, ranging from $796.60 to $805.10.
- Palladium for June delivery declined $5.70, or 0.4%, to $1,307.80 an ounce, trading between $1,301 and $1,318.10.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $9.85, or 0.8%, to $1,283.65 an ounce.
- Silver added 4.5 cents, or 0.3%, to $14.48 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||Last Week||This Week||March||April||May||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||4,000||6,500||N/A||40,000|
|$50 American Eagle 1 Oz Gold Coin||0||1,000||1,500||8,500||6,500||2,500||73,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||1,000||0||19,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||2,000||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||15,000||25,000||5,000||140,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,000||2,000||5,500||6,500||3,000||44,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||566,000||850,000||1,196,000||726,000||8,847,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000||N/A||80,000|
|American Memorial Park 5 Oz Silver Coin||0||N/A||78,000||N/A||78,000||78,000|