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|