Precious metals prices climbed together for a third straight session Thursday following the trading break on Wednesday for Christmas. Gold and silver gained the least but notched the longer settlement highs — more than eight weeks for gold and more than seven weeks for silver.
Gold for February delivery advanced $9.60, or 0.6%, to settle at $1,514.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Oct. 31.
"Gold and silver are rising on apprehensions over US-China trade deal and Trump and his impeachment proceedings. Physical gold demand is still lagging gold investment demand," wrote Chintan Karnani, chief market analyst at Insignia Consultants, in a Thursday research note reported by MarketWatch.
Gold futures ranged from a low of $1,502.10 to a high of $1,517.40. They rose 1.1% on Tuesday and they moved ahead 0.5% on Monday.
Silver for March delivery added 13.7 cents, or 0.8%, to end at $17.99 an ounce. The settlement was the strongest since Nov. 4. Silver futures traded between $17.81 and $18.14. They jumped 2% on Tuesday and they rose 1.6% on Monday.
In other precious metals futures prices Thursday:
January platinum tacked on $10.70, or 1.1%, to $953.50 an ounce, ranging from $941.20 to $963.50.
- Palladium for March delivery advanced $16.80, or 0.9%, to $1,868.60 an ounce, trading between $1,848 and $1,871.20.
London Precious Metals Prices
London markets closed Thursday for holiday. The latest LBMA prices on Tuesday were:
- Gold at $1,482.10 an ounce.
- Silver at $17.585 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 / This Week||Last Week||November||December||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||1,500||8,000||2,000||108,000|
|$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||1,500||5,000||1,500||61,500|
|$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||0||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|