Gold gave back more than half of its previous two days of gains Thursday as the U.S. dollar rebounded from a four-week low. Precious metals closed nearer session lows.
Gold prices for December delivery declined $8.30, or 0.5%, to settle at $1,744.70 an ounce on the Comex in New York. In another day of thin trading, gold marked an intraday low of $1,739.00 and high of $1,753.40.
"Without any other major drivers, the precious metals will continue to show weakness and test the downside" because the latest buyers might lack patience to wait for another bull run, said Carlos Perez-Santalla, a broker at brokerage PVM Futures, according to Reuters.
Silver for December delivery fell 36.4 cents, or 1.1%, to settle at $32.868 an ounce. Silver traded between $32.745 and $33.325.
Platinum for January delivery was $1,643.70 an ounce, falling $26.80 or 1.6%. Platinum ranged from $1,643.00 to $1,677.80.
Palladium for December lost $6.20, or 0.9%, to $647.20 an ounce. Palladium traded between $642.75 and $655.60.
London Bullion Prices
Precious metals in London were mixed, with mostly modest changes. In contrasting London PM Fix prices:
- Gold declined $6.00, or 0.3%, to $1,743.00 an ounce,
- Silver fell 4.0 cents, or 0.1%, to $32.99 an ounce,
- Platinum lost $9.00, or 0.5%, to $1,647.00 an ounce, and
- Palladium gained $4.00, or 0.6%, to $647.00 an ounce
U.S. Mint Bullion Coin Sales in October
Sales levels for United States Mint bullion coins were unchanged for a second day Thursday. The following table provides the most recent daily, October and year-to-date bullion sales figures as provided by the U.S. Mint.
| Sales of US Mint American Eagle and Buffalo Bullion Coins | |||
|---|---|---|---|
| Daily Sales | October Sales | YTD 2012 | |
| $50 American Eagle Gold Coins | 0 | 29,000 | 439,500 |
| $25 American Eagle Gold Coins | 0 | 0 | 61,000 |
| $10 American Eagle Gold Coins | 0 | 2,000 | 64,000 |
| $5 American Eagle Gold Coins | 0 | 15,000 | 265,000 |
| $50 American Buffalo Gold Coins | 0 | 7,500 | 104,000 |
| American Eagle Silver Coins | 0 | 1,818,000 | 27,613,000 |
| Sales of America the Beautiful 5 Oz. Silver Bullion Coins | |||
|---|---|---|---|
| Daily Sales | October Sales | All-Time Total | |
| 2012 El Yunque National Forest 5 oz. Silver Bullion Coins | 0 | 0 | 17,900 |
| 2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins | 0 | 1,000 | 18,200 |
| 2012 Acadia National Park 5 oz. Silver Bullion Coins | 0 | 500 | 18,500 |
| 2012 Hawai’i Volcanoes 5 oz. Silver Bullion Coins | 0 | 1,000 | 11,400 |
| 2011 Olympic National Park 5 oz. Silver Bullion Coins | 0 | 0 | 85,900 |
| 2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins | 0 | 0 | 39,500 |
| 2011 Chickasaw Park 5 oz. Silver Bullion Coins | 0 | 0 | 29,700 |
| TOTAL | 0 | 2,500 | 221,100 |
In other related coin news, check out the latest weekly sales of numismatic coins from the United States Mint.
