For a second straight day, gold, silver and palladium gained while platinum declined. Gold’s win was its eleventh in twelfth sessions.
Gold for August delivery settled up $6.90, or 0.5%, to $1,343.70 an ounce on the Comex division of the New York Mercantile Exchange.
"While the Fed might not be moving toward a ‘July’ rate cut, enough analysts in the marketplace are predicting the Fed is moving to cut and that underpins gold and silver prices above the June lows," said analysts at Zaner Metals according to MarketWatch.
Gold futures ranged from a low of $1,335.90 to a high of $1,347. They added 0.4% on Wednesday, gained 0.1% on Tuesday, and fell 1.3% on Monday. Last Friday, they ended at $1,346.10 an ounce for their highest settlement since Feb. 20.
Silver for July delivery rose 13.9 cents, or 0.9%, to close at $14.892 an ounce. Silver futures traded between $14.72 and $14.93. They climbed almost 0.1% on Wednesday, moved up 0.7% on Tuesday, and tumbled 2.6% on Monday.
In other precious metals futures prices Thursday:
July platinum declined $1.10, or 0.1% to $809.40 an ounce, ranging from $805.40 to $814.80.
- Palladium for September delivery surged $32.60, or 2.3%, to $1,438.20 an ounce, trading between $1,398 and $1,442.60.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold gained $3.55, or 0.3%, to $1,335.90 an ounce.
- Silver edged up a half cent to $14.795 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 rose by a combined 3,000 ounces in gold coins. 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||April||May||June||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||1,000||500||3,000||6,500||3,500||3,500||77,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||0||0||19,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||0||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||25,000||5,000||5,000||145,000|
|$50 American Buffalo 1 Oz Gold Coin||2,000||1,000||2,000||6,500||3,000||3,000||47,500|
|$1 American Eagle 1 Oz Silver Coin||0||223,500||326,500||1,196,000||866,000||550,000||9,537,000|
|American Memorial Park 5 Oz Silver Coin||0||0||0||N/A||78,000||0||78,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||6,500||N/A||0||40,000|