Aside from palladium, precious metals futures declined Thursday. Gold edged lower for a second straight session — two days after closing at a nearly six-year high.
Gold for August delivery lost $3.40, or 0.2%, to settle at $1,412 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold continues to soften after its euphoric surge" as many investors "grow cautiously optimistic that positive developments will come out of… the Trump and Xi meeting at the sidelines of the G-20 meeting in Osaka," MarketWatch quoted Edward Moya, senior market analyst with Oanda.
Gold futures ranged from a low of $1,401.40 to a high of $1,415.30. They shed 0.2% on Wednesday, they edged up less than 0.1% on Tuesday — posting their highest close since Aug. 28, 2013, and they gained 1.3% on Monday.
Silver for September delivery — the new, most active contract — declined 8.1 cents, or 0.5%, to settle at $15.294 an ounce. Silver futures traded between $15.23 and $15.36. They dipped less than a 0.1% on Wednesday, lost 0.5% on Tuesday, and rose 0.6% on Monday. Last Thursday, they settled at $15.492 an ounce for their best close since March 25.
In other precious metals futures prices on Thursday:
October platinum fell $4.50, or 0.6%, to $817.50 an ounce, ranging from $811.70 to $821.90.
- Palladium for September delivery tacked on $13.20, or 0.9%, to $1,538.90 an ounce, trading between $1,508.60 and $1,542.60.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold fell $1.45, or 0.1%, to $1,402.50 an ounce.
- Silver shed a half cent, or less than 0.1%, to $15.25 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||April||May||June||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||0||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||0||0||25,000||5,000||5,000||145,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||0||6,500||3,000||3,000||47,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||305,000||1,196,000||866,000||855,000||9,842,000|
|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|