Precious Metals Little Changed Thursday, Dec. 5

by CoinNews.net on December 5, 2019 · 0 comments

3 Bullion Bars

Gold futures rose 0.2% on Thursday, Dec. 5

Precious metals futures changed little Thursday. Palladium marked another record settlement, its third this week.

Gold for February delivery climbed $2.90, or 0.2%, to settle at $1,483.10 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver prices are firmer in midday U.S. trading Thursday, on some buying support from a weaker U.S. dollar index and the U.S. stock market pulling back just a bit," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note. "Traders are now awaiting a key U.S. economic report that is due out Friday morning."

Gold futures ranged from a low of $1,478 to a high of $1,485.70. They lost 0.3% on Wednesday, they gained 1% on Tuesday — registering their highest settlement since Nov. 6, and they dipped 0.2% on Monday.

Silver for March delivery rose 14.3 cents, or 0.9%, to end at $17.059 an ounce. Silver futures traded between $16.87 and $17.08. They dropped 1.9% on Wednesday, they advanced 1.7% on Tuesday — marking their best close since Nov. 6, and they declined 0.8% on Monday.

In other precious metals futures prices Thursday:

  • January platinum fell $1.20, or 0.1%, to $900.60 an ounce, ranging from $886.40 to $903.90.

  • Palladium for March delivery inched up 30 cents, or 0.02%, to a new record settlement of $1,845.70 an ounce. Palladium traded between $1,820 and $1,848.50.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:

  • Gold edged up 85 cents, or 0.06%%, to $1,475.95 an ounce.
  • Silver declined 26 cents, or 1.5%, to $16.87 an ounce.

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 November This Week / December 2019 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 8,000 500 106,500
$25 American Eagle 1/2 Oz Gold Coin* 0 0 5,000 0 30,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 0 38,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 0 195,000
$50 American Buffalo 1 Oz Gold Coin 0 0 5,000 0 60,000
$1 American Eagle 1 Oz Silver Coin 0 0 463,000 0 14,863,500
Frank Church River of No Return Wilderness 5 Oz Silver Coin 0 6,500 20,000 5,000 25,000
San Antonio Missions 5 Oz Silver Coin 0 0 0 0 55,200
War in the Pacific 5 Oz Silver Coin 0 0 0 0 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

 

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