Gold and silver futures snapped a three-session losing streak Thursday, with each scoring their best close in 3-1/2 months as the U.S. dollar weakened and safe-haven demand climbed.
Gold for April delivery tacked on $18.10, or 1.5%, to settle at $1,251.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Nov. 10 when prices ended at $1,266.40 an ounce.
"The dollar’s backed off, bond yields have backed off, and that’s given a bit of support for gold," Reuters quoted Robin Bhar at Societe Generale.
Gold futures ranged from a low of $1,236.40 to a high of $1,252.20. They are 1% higher so far this week.
Elsewhere, silver for March delivery advanced 16.7 cents, or 0.9%, to $18.117 an ounce. Like for gold, the settlement is the highest since Nov. 10. Silver futures traded between $17.92 and $18.21. They are 0.5% higher on the week.
In rounding out precious metals dealings:
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April platinum added $9.20, or 0.9%, to $1,011.90 an ounce, ranging from $997.40 to $1,020.60.
- Palladium for March delivery added $4.25, or 0.6%, to $773.30 an ounce, trading between $762.10 and $780.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Wednesday PM to Thursday PM:
- Gold rose $11.25, or 0.9%, to $1,247.90 an ounce.
- Silver was unchanged $18.00 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Coin Sales in 2017
U.S. Mint bullion sales were unchanged as of 3:41 p.m. ET. This article will be updated if new figures become available by the end of the day.
Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Thursday Sales | Last Week | Tuesday Sales | Jan Sales | Feb Sales | 2017 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 20,000 | 0 | 20,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 5,000 | 3,000 | 86,500 | 19,500 | 106,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 0 | 19,000 | 5,000 | 24,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 0 | 36,000 | 2,000 | 38,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 0 | 125,000 | 15,000 | 140,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,500 | 2,500 | 32,000 | 14,500 | 46,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 360,000 | 155,000 | 5,127,500 | 765,000 | 5,892,500 |
| 2017 Effigy Mounds 5 Oz Silver Coin | 0 | 1,000 | 600 | 0 | 19,300 | 19,300 |
| 2016 Shawnee 5 Oz Silver Coins* | – | |||||
| 2016 Cumberland Gap 5 Oz Silver Coin* | – | |||||
| 2016 Harpers Ferry 5 Oz Silver Coin | 0 | 0 | 0 | 100 | 0 | 0 |
| 2016 Theodore Roosevelt 5 Oz Silver Coin* | – | 800 | – | |||
| 2016 Fort Moultrie 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 |
