Precious metal futures bounced from losses on Wednesday, with gold closing higher for the first time in six sessions and up from a one-month low.
Gold for December delivery tacked on $7.30, or 0.7%, to settle at $1,109.30 an ounce on the Comex division of the New York Mercantile Exchange.
"Concerns about the global economy are back," Phil Streible, a senior market strategist at RJO Futures, said in a telephone interview from Chicago according to Bloomberg News. "Traders are quick on the trigger to get back into the safety of gold."
Gold prices traded from a low of $1,102.50 to a high of $1,114.10. They dropped 1.7% on Wednesday to settle at their lowest level since Aug. 7.
In other precious metals futures on Thursday:
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Silver for December delivery advanced 7 cents, or 0.5%, to $14.65 an ounce, ranging from $14.54 to $14.85.
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October platinum was flat at $981.20 an ounce, trading between $977.30 and $992.90.
- Palladium for December delivery jumped $14.55, or 2.5%, to $592.50 an ounce, ranging from $573.70 to $593.75.
London Precious Metals Prices
Earlier fixed London gold and silver prices eased lower. In comparing prices from Wednesday PM to Thursday PM:
- Gold dipped 35 cents to $1,109.50 an ounce.
- Silver lost a nickel, or 0.3%, to $14.72 an ounce.
LBMA platinum and palladium prices are displayed on the LBMA’s website with a delay of midnight after the setting of the prices each day.
US Mint Bullion Coin Sales in September
United States Mint bullion sales were unchanged Thursday as of 2:40 p.m. ET. Below is a listing of United States Mint bullion products with the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Thursday Sales | Last Week | Current Week | August Sales | Sept Sales | YTD Sales | |
| $50 American Eagle 1 Oz Gold Coins | 0 | 28,500 | 17,500 | 78,500 | 37,000 | 458,500 |
| $25 American Eagle 1/2 Oz Gold Coins | 0 | 3,000 | 0 | 8,000 | 2,000 | 56,000 |
| $10 American Eagle 1/4 Oz Gold Coins | 0 | 8,000 | 2,000 | 24,000 | 4,000 | 126,000 |
| $5 American Eagle 1/10 Oz Gold Coins | 0 | 80,000 | 10,000 | 130,000 | 55,000 | 710,000 |
| $50 American Buffalo 1 Oz Gold Coins | 0 | 8,000 | 3,500 | 20,000 | 9,000 | 157,500 |
| $1 American Eagle 1 Oz Silver Coins | 0 | 1,000,000 | 909,500 | 4,935,000 | 1,154,500 | 33,405,500 |
| 2015 Homestead 5 Oz Silver Coins* | – | 35,000 | ||||
| 2015 Kisatchie 5 Oz Silver Coins* | – | 42,000 | ||||
| 2015 Blue Ridge Parkway 5 Oz Silver Coins* | – | 45,000 | ||||
