In futures trading Thursday, palladium gained for a second day in a row while gold, silver and platinum declined after rising on Wednesday.
Gold for August delivery shed $13.50, or 0.7%, to settle at $1,800.30 an ounce on the Comex division of the New York Mercantile Exchange.
"More routine profit taking from the shorter-term futures traders was featured today after recent good gains,” Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a note.
Gold futures ranged from a low of $1,795.40 to a high of $1,816.20. They edged up 0.02% on Wednesday, they slipped 0.04% on Tuesday, and they rose 0.7% on Monday. A week ago Wednesday, July 8, they ended at $1,820.60 an ounce for their highest settlement since Sept. 14, 2011.
Silver for September delivery fell 18.8 cents, or 1%, to settle at $19.573 an ounce. Silver futures traded between $19.50 and $19.87. They gained 1.2% on Wednesday, they shed 1.3% on Tuesday, and they rallied 3.9% on Monday — marking their highest finish since Sept. 23, 2016, when the precious metal ended at $19.81 an ounce.
In other precious metals futures prices Thursday:
October platinum lost $6.20, or 0.7%, to $837 an ounce, ranging from $825.50 to $848.70.
- Palladium for September delivery added $15.10, or 0.8%, to $2,025.10 an ounce, trading between $1,985 and $2,057.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $3.10, or 0.2%, to $1,807.70 an ounce.
- Silver fell 8.5 cents, or 0.4%, to $19.245 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||May||June||July||2020 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||8,500||5,000||5,500||42,500||13,500||341,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||6,000||2,000||0||41,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||12,000||2,000||2,000||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||0||0||0||175,000|
|$50 American Buffalo 1 Oz Gold Coin||0||5,000||0||2,500||7,500||5,000||131,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||0||490,000||1,378,000||0||12,596,500|
|$1 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||0||56,500|
In terms of 5-ounce silver bullion sales for 2020, the U.S. Mint is working on getting them automated and reported. Initial U.S. Mint-provided figures have the first two 2020-dated pieces at 45,000 produced and sold per issue. These amounts are being verified.