Gold, silver and platinum fell Thursday while palladium moved ahead for yet another settlement record.
Gold for February delivery declined $3.50, or 0.2%, to settle at $1,550.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is softer right now on stronger equities, and as the geopolitical front is also getting a little quiet when it comes to China and Iran issues," Reuters quoted Bob Haberkorn, senior market strategist at RJO Futures.
Gold prices ranged from a low of $1,548 to a high of $1,558.20. They gained 0.6% on Wednesday, they declined 0.4% on Tuesday — for their lowest close since Jan. 2, and they lost 0.6% on Monday.
Silver for March delivery slipped 4.9 cents, or 0.3%, to settle at $17.939 an ounce. Silver futures traded between $17.87 and $18.06. They rebounded 1.4% on Wednesday, they dropped 1.4% on Tuesday — for their weakest settlement since Dec. 23, and they shed 0.6% on Monday.
In other precious metals prices Thursday:
April platinum lost $24.40, or 2.4%, to $1,001.20 an ounce, ranging between $998.40 and $1,046.70.
- Palladium for March delivery rose $12.70, or 0.6%, to a record settlement of $2,177.80 an ounce. Palladium traded between $2,163.40 and $2,244.80.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $5.55, or 0.4%, to $1,554.55 an ounce.
- Silver added 16 cents, or 0.9%, to $18.01 an ounce.
US Mint Bullion Sales
United States Mint bullion sales were unchanged according to data published on the agency’s website. 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||0||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||0||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|