Precious metals futures ended mixed Thursday with gold and palladium higher and silver and platinum lower. Gold closed at a new, more than 6.3-year high.
Gold for December delivery rose $3.40, or 0.2%, to settle at $1,531.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since April 11, 2013 when gold ended at $1,564.90 an ounce.
"Gold prices are modestly higher in midday U.S. trading Thursday, as global stock and financial markets are still on edge as the world’s two largest economies go head-to-head in a major trade war. Civil unrest in Hong Kong is adding to marketplace anxiety," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily note.
Gold futures ranged from a low of $1,518.30 to a high of $1,534.90. They gained 0.9% on Wednesday, lost 0.2% on Tuesday, and rose 0.6% on Monday.
Silver for September delivery declined 6.6 cents, or 0.4%, to close at $17.214 an ounce. Silver futures traded between $17.07 and $17.37. They surged 1.7% on Wednesday — ending at their best price since June 14, 2018, they shed 0.5% on Tuesday, and they gained 0.8% on Monday.
In other precious metals futures prices:
-
October platinum shed $6, or 0.7%, to $842 an ounce, ranging from $836.40 to $850.50.
- Palladium for September gained $22.20, or 1.6%, to $1,438.60 an ounce, trading between $1,414.10 and $1,439.90.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $2.40, or 0.2%, to $1,515.65 an ounce.
- Silver added 17.5 cents, or 1%, to $17.29 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 160,000 ounces in American Silver Eagles.
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 | July | August | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,000 | 1,500 | 2,500 | 2,500 | 83,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 3,000 | 1,000 | 23,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 28,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 15,000 | 0 | 160,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 0 | 500 | 1,000 | 49,000 |
| $1 American Eagle 1 Oz Silver Coin | 160,000 | 0 | 252000 | 1,240,000 | 252,000 | 11,514,000 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 0 | 57,000 | 8,000 | 65,000 |
| 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 | ||||
