Precious metals futures were little changed Thursday. Gold, silver and platinum did close higher for the first time since Monday, while palladium advanced for a third session in a row.
Gold for December delivery inched up 90 cents, or 0.07%, to settle at $1,288.70 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal has been bruised by a strengthening U.S. dollar, opined analysts.
"We expect the dollar to continue to recover, which will probably weigh on gold, silver and platinum prices," Bloomberg News quoted ABN Amro Bank NV analyst Georgette Boele said in a note to clients.
Gold futures traded from a low of $1,280.40 to a high of $1,290.70. They lost 1.1% in the previous session — ending at their lowest price since Aug. 16, fell 0.8% on Tuesday, and advanced 1.1% on Monday.
Silver for December delivery added 2 cents, or 0.1%, to close at $16.847 an ounce. Silver futures ranged between $16.70 and $16.89. They declined 0.3% on Wednesday — marking their lowest settlement since Aug. 15, dropped 1.5% on Tuesday, and gained 1% on Monday.
In rounding out precious metals dealings:
-
January platinum added 20 cents, or 0.02%, to $925.70 an ounce, trading between $918.10 and $929.40.
- Palladium for December delivery added $2.35, or 0.25%, to $927.85 an ounce, ranging from $924.10 to $937.15.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold edged up 80 cents, or less than 0.1%, to 1,288.35 an ounce.
- Silver declined 7 cents, or 0.4%, to $16.82 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2017
United States Mint bullion sales were unchanged. Below is a sales breakdown of U.S. bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Thursday | Last Week | This Week | August | September | YTD | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | N/A | 15,000 | N/A | 15,000 | 15,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 2,000 | 2,000 | 6,500 | 8,000 | 170,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 2,000 | 1,000 | 30,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 0 | 2,000 | 2,000 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 5,000 | 15,000 | 25,000 | 330,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 1,500 | 0 | 3,000 | 1,500 | 76,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 50,000 | 195,000 | 1,025,000 | 320,000 | 15,898,500 |
| 2017 Effigy Mounds 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 35,000 |
| 2017 Frederick Douglass 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ozark Riverways 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ellis Island 5 Oz Silver Coin* | 0 | 0 | 0 | 40,000 | 0 | 40,000 |
