In futures trading Thursday, silver finished higher while gold, platinum and palladium posted a second straight day of losses.
Gold for June delivery shed $8.50, or 0.5%, to settle at $1,731.70 an ounce on the Comex division of the New York Mercantile Exchange.
"With the talk of how governments are going to reopen economies … gold seems to be focused on moving past the peak of the pandemic. So from the perspective that there are some brighter skies ahead we’re seeing some pullback," Reuters quoted David Meger, director of metals trading at High Ridge Futures.
Gold futures ranged from a low of $1,722.60 to a high of $1,768. They fell 1.6% on Wednesday, they gained 0.4% on Tuesday — ending at their highest price since Oct. 11, 2012, and they rose 0.5% on Monday.
Silver for May delivery rose 11.7 cents, or 0.8%, to settle at $15.622 an ounce. Silver futures traded between $15.43 and $15.92. They sank 3.9% on Wednesday, they rallied 3.8% on Tuesday — closing at their best price since March 6, and they declined 3.2% on Monday.
In other precious metals futures prices Thursday:
-
July platinum declined $11.30, or 1.4%, to $793.30 an ounce, ranging from $779.90 to $820.50.
- Palladium for June delivery fell $32.90, or 1.5%, to $2,120.70 an ounce, trading between $2,090 and $2,186.30.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold gained $10.85, or 0.6%, to $1,729.50 an ounce.
- Silver shed 7 cents, or 0.5%, to $15.50 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales were unchanged Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
| US Mint Bullion Sales (# of coins) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Thursday | Last Week | This Week | January | February | March | April | 2020 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 12,000 | 11,000 | 38,000 | 3,500 | 133,000 | 56,500 | 231,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 23,000 | 2,000 | 8,000 | 0 | 33,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 18,000 | 2,000 | 20,000 | 0 | 40,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 60,000 | 20,000 | 95,000 | 0 | 175,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 4,000 | 21,000 | 1,000 | 47,500 | 4,000 | 73,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 350,000 | 0 | 3,846,000 | 650,000 | 5,482,500 | 350,000 | 10,328,500 |
| $1 American Eagle 1 Oz Platinum Coin | 0 | 0 | 1,500 | 14,500 | 9,300 | 31,200 | 1,500 | 56,500 |
