Gold settled with yet another marginal change Thursday, a characteristic that has dominated the yellow metal for nearly a week.
Gold prices for December delivery declined $1.50, or 0.1%, to settle at $1,770.20 an ounce on the Comex in New York. Prices bracketed intraday levels of $1,757.70 and $1,774.90. Gold was pressured, opined analysts, by a stronger U.S. dollar.
"The rise in gold and silver will be tempered by drops in the stock market and rises in the dollar, and if this continues then the upside is limited for the time being," Marex Spectron said in a note, according to Reuters.
"However support remains under the market and I still believe buying dips is the way forward in the longer term."
Since gold surged $38.40 last Thursday after the Fed announced QE3, successive daily changes include:
- a 60 cent gain on Friday,
- a loss of $2.10 on Monday,
- a pick-up of 60 cents on Tuesday,
- an increase of 50 cents on Wednesday, and
- today’s loss of $1.50
In other New York bullion futures on Thursday:
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Silver for December delivery closed at $34.682 an ounce, climbing 9.4 cents or 0.3%. Silver ranged from an intraday low of $34.12 to a high of $34.80.
-
Platinum for October delivery gave back $16.50, or 1.0%, to $1,623.90 an ounce, trading between $1,596.00 and $1,641.80.
- Palladium for December delivery shed $11.95, or 1.8%, to $661.10 an ounce, ranging from $657.00 to $672.75.
London Precious Metals
London precious metals were all lower Thursday. In contrasting PM fixing prices:
- Gold declined $8.25, or 0.5%, to $1,758.50 an ounce,
- Silver lost 40.0 cents, or 1.2%, to $34.25 an ounce,
- Platinum fell $13.00, or 0.8%, to $1,620.00 an ounce, and
- Palladium declined $11.00, or 1.6%, to $663.00 an ounce
U.S. Mint Bullion Coins
Sales of U.S. Mint bullion coins were unchanged Thursday as of 3:20 p.m. ET. The following grid offers the latest daily, September and year-to-date bullion sales as published by the U.S. Mint.
| Sales of US Mint American Eagle and Buffalo Bullion Coins | |||
|---|---|---|---|
| Daily Gains | September Gains | YTD 2012 | |
| $50 American Eagle Gold Coins | 0 | 35,500 | 383,000 |
| $25 American Eagle Gold Coins | 0 | 1,000 | 60,000 |
| $10 American Eagle Gold Coins | 0 | 2,000 | 60,000 |
| $5 American Eagle Gold Coins | 0 | 20,000 | 235,000 |
| $50 American Buffalo Gold Coins | 0 | 6,500 | 94,500 |
| American Eagle Silver Coins | 0 | 1,961,000 | 24,501,000 |
| Sales of America the Beautiful 5 Oz. Silver Bullion Coins | |||
|---|---|---|---|
| Daily Gains | September Gains | All-Time Total | |
| 2012 El Yunque National Forest 5 oz. Silver Coins | 0 | 0 | 16,700 |
| 2012 Chaco Culture National Historical Park 5 oz. Silver Coins | 0 | 0 | 17,000 |
| 2012 Acadia National Park 5 oz. Silver Coins | 0 | 2,500 | 17,600 |
| 2012 Hawai’i Volcanoes 5 oz. Silver Coins | 0 | 10,400 | 10,400 |
| 2011 Olympic National Park 5 oz. Silver Coins | 0 | 0 | 85,900 |
| 2011 Vicksburg National Military Park 5 oz. Silver Coins | 0 | 0 | 39,500 |
| 2011 Chickasaw Park 5 oz. Silver Coins | 0 | 0 | 29,700 |
| TOTAL | 0 | 12,900 | 216,800 |
Sales figures above are in the number of coins sold, not in the amount of ounces sold.
