Precious metals futures advanced Thursday with gains ranging from 0.3% for platinum to 1.6% for palladium. Gold closed at a two-week high.
Gold for August delivery added $6.10, or 0.5%, to settle at $1,292.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since May 15.
"Gold has held up a lot better than expected with the recent strength in the dollar and that’s a major feather in the cap of the gold market in the near term," Reuters quoted John Caruso, senior market strategist at RJO Futures.
Gold futures ranged from a low of $1,279.20 to a high of $1,293.90. They rose 0.3% on Wednesday and fell 0.5% in starting the trading week on Tuesday.
Silver for July delivery added 8 cents, or 0.6%, to close at $14.491 an ounce. Silver futures traded between $14.34 and $14.56. They gained 0.6% on Wednesday, and declined 1.6% on Tuesday — ending at their lowest price since Nov. 30.
In other precious metals futures prices Thursday:
July platinum climbed $2.40 to $794.10 an ounce, ranging from $788.30 to $798.30.
- Palladium for September delivery advanced $21.80 to $1,365.70 an ounce, trading between $1,323.80 and $1,374.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold declined 70 cents, or less than 0.1%, to $1,280.95 an ounce.
- Silver added 2.5 cents, or 0.2%, to $14.40 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|
|$50 American Eagle 1 Oz Gold Coin||0||1,500||1,000||8,500||6,500||3,500||74,000|
|$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||5,000||0||15,000||25,000||5,000||140,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,000||0||5,500||6,500||3,000||44,500|
|$1 American Eagle 1 Oz Silver Coin||0||566,000||140,000||850,000||1,196,000||866,000||8,987,000|
|American Memorial Park 5 Oz Silver Coin||0||78,000||0||N/A||78,000||78,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||4,000||6,500||N/A||40,000|