Most precious metals gained Thursday. Gold settled at a fresh, more than six-year high while silver closed at a more than one-year high.
Gold for August delivery gained $4.80, or 0.3%, to settle at $1,428.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since May 13, 2013 when the yellow metal ended at $1,434.30 an ounce.
"The dollar has resumed lower, and this has allowed gold to find renewed buying interest following Wednesday’s rally," Reuters quoted Fawad Razaqzada, market analyst with Forex.com.
Gold futures ranged from a low of $1,415.60 to a high of $1,431.90. They rose 0.9%, shed 0.2% on Tuesday, and rose nearly 0.1% on Monday.
Logging their eighth gain in nine sessions, silver for September delivery added 22.7 cents, or 1.4%, to settle at $16.198 an ounce. The finish was the highest since June 29, 2018 when silver also ended at $16.198 an ounce. Silver futures traded between $15.96 and $16.20. They jumped 1.9% on Wednesday, advanced 2% on Tuesday, and gained 0.9% on Monday.
In other precious metals futures Thursday:
October platinum moved up $2.80, or 0.3%, to $849.90 an ounce, ranging from $846.60 to $857.50.
- Palladium for September delivery declined $31.30, or 2%, to $1,511.90 an ounce, trading between $1,505.80 and $1,548.30. A week ago Wednesday, July 10, palladium notched a record settlement of $1,588.10 an ounce.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold gained $7.10, or 0.5%, to $1,417.45 an ounce.
- Silver added 42 cents, or 2.7%, to $16.03 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||June||July||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||500||4,500||500||79,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||1,000||0||2,000||21,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||0||2,000||28,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||5,000||5,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||0||3,000||0||47,500|
|$1 American Eagle 1 Oz Silver Coin||0||262,000||75,000||1,035,000||337,000||10,359,000|
|American Memorial Park 5 Oz Silver Coin||0||0||0||0||0||78,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||40,000|