Precious metals futures moved higher Thursday, logging gains ranging from 0.7% for both gold and silver to 1.6% for palladium.
Gold for December delivery rose $10.10 to settle at $1,473.40 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures ranged from a low of $1,461.70 to a high of $1,475.50. They advanced 0.7% on Wednesday, they declined 0.2% Tuesday, ending at their worst level since Aug. 1, and they shed 0.4% on Monday.
"The dollar being a bit weaker against major currencies along with the equity markets turning off from recent highs, both of those are additional, auxiliary, factors as to why gold and silver are higher," Reuters quoted David Meger, director of metals trading at High Ridge Futures.
Silver for December delivery added 11.5 cents to close at $17.028 an ounce. Silver futures traded between $16.84 and $17.08. They rose 1.3% on Wednesday, they fell 0.7% on Tuesday, for their lowest settlement since Aug. 6, and they dipped 0.1% on Monday.
In other precious metals futures prices:
January platinum climbed $8, or 0.9%, to $882.80 an ounce, ranging from $871.80 to $887.
- Palladium for December delivery surged $27 to $1,702.10 an ounce, trading between $1,673.20 and $1,705.10.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $3.75, or 0.3%, to $1,466.65 an ounce.
- Silver added 8.5 cents, 0.5%, to $17.035 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||October||November||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||5,000||8,000||5,000||103,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||3,000||1,000||5,000||30,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||0||34,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||20,000||0||190,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||2,500||3,000||2,500||57,500|
|$1 American Eagle 1 Oz Silver Coin||0||165,000||65,000||1,110,500||230,000||14,630,500|
|San Antonio Missions 5 Oz Silver Coin||0||0||0||17,500||0||55,200|
|War in the Pacific 5 Oz Silver Coin||0||0||0||500||0||72,500|
|American Memorial Park 5 Oz Silver Coin*||0||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|