Precious metals futures registered gains Thursday ranging from 0.3% for platinum to 1.9% for palladium. The latter notched a new record settlement. Gold’s gain was its second in a row after three straight session losses. The yellow metal ended just above a two-week high.
Gold for December delivery rose $9, or 0.6%, to settle at $1,504.70 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Oct. 9.
For gold, "the upside move is being amplified to a degree by market technicals, as futures broke above a key resistance level just above $1,500 and squeezed to a multi-week high,” MarketWatch quoted Tyler Richey, co-editor at Sevens Report Research.
"We are likely to see some digestion in gold prices in the near term but as long as there is elevated demand for safe havens — keeping a lid on yields, gold should be able to drift back up towards $1,520," he said.
Gold futures ranged from a low of $1,490.40 to a high of $1,505.90. They gained 0.6% on Wednesday, they dipped 0.04% on Tuesday and they declined 0.4% on Monday.
Silver for December delivery advanced 22.4 cents, or 1.3%, to settle at $17.804 an ounce. Silver futures traded between $17.48 and $17.86. They rose 0.5% on Wednesday, they slipped 0.6% on Tuesday and they added 0.1% on Monday.
In other precious metals futures prices Thursday:
-
January platinum gained $2.70 to $925.10 an ounce, ranging from $921 to $936.80.
- Palladium for December delivery surged $33.30 to an all-time settlement high of $1,747.90 an ounce. Palladium traded between $1,713.20 and $1,757.90.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold added $2.10, or 0.1%, to $1,496.55 an ounce.
- Silver shed a half penny, or 0.03%, to $17.53 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 / This Week | Last Week | September | October | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 4,500 | 3,500 | 8,000 | 98,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 1,000 | 1,000 | 25,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 4,000 | 34,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 10,000 | 20,000 | 190,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 3,000 | 2,500 | 3,000 | 55,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 408,500 | 1,021,000 | 943,500 | 14,233,500 |
| San Antonio Missions 5 Oz Silver Coin | 0 | 500 | 37,700 | 17,500 | 55,200 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 2,500 | 500 | 72,500 |
| American Memorial Park 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 80,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | |||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | |||
