Silver futures declined Thursday while gold, platinum and palladium gained following their losses in the previous session.
Gold for December delivery rose $2.90, or 0.2%, to settle at $1,515.20 an ounce on the Comex division of the New York Mercantile Exchange.
"We are seeing increasing volumes in the exchange-traded funds (ETF) to position gold on yesterday’s sell-off. This goes to show that these dips are being bought by investors," Reuters quoted Daniel Ghali, commodity strategist at TD Securities.
Gold futures ranged from a low of $1,507.10 to a high of $1,519.50. They fell 1.8% on Wednesday, they rose 0.6% on Tuesday — marking their highest settlement since Sept. 4, and they gained 1.1% on Monday.
Silver for December delivery gave back 16.1 cents, or 0.9%, to settle at $17.912 an ounce. Silver futures traded between $17.78 and $18.11. They sank 3% on Wednesday, they lost 0.4% on Tuesday, and they surged 4.8% on Monday — closing at their highest point since Sept. 5.
In other precious metals futures prices on Thursday:
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January platinum settled up $7.10, or 0.8% to $942.70 an ounce, ranging from $933.50 to $944.40.
- Palladium for December delivery jumped $31.10, or 1.9%, to $1,642.90 an ounce, trading between $1,611.90 and $1,644.30. On Tuesday, they finished at a record settlement of $1,646.40.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold declined $22.35, or 1.5%, to $1,506.40 an ounce.
- Silver dropped 60 cents, or 3.2%, to $17.97 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 | August | September | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 500 | 500 | 5,500 | 3,500 | 90,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 1,000 | 24,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 2,000 | 30,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 5,000 | 0 | 10,000 | 170,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 0 | 1,500 | 1,000 | 50,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 50,000 | 1,007,000 | 736,000 | 13,005,000 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 0 | 12,500 | 2,500 | 72,000 |
| American Memorial Park 5 Oz Silver Coin* | 0 | 0 | 0 | 2,000 | 0 | 80,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | ||||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | ||||
