Gold, silver, and platinum futures closed higher on Thursday for the first time since the end of last week. Palladium, however, extended its losing streak to four straight sessions — though barely.
Gold for December delivery advanced $7, or 0.5%, to settle at $1,290 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices ended the U.S. day session higher Thursday, on a corrective bounce from selling pressure seen earlier this week," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A weaker U.S. dollar index and a downturn in world stock markets were supportive daily elements for the metals markets."
Gold futures traded from a low of $1,277.60 to a high of $1,292. They slipped 0.2% in the previous session — ending at their lowest price since Oct. 6, declined 1.3% on Tuesday, and dipped 0.1% on Monday.
Silver for December delivery jumped 25.8 cents, or 1.5%, to settle at $17.255 an ounce. Silver futures ranged from $16.93 to $17.30. They shed 0.3% on Wednesday — finishing at their weakest point since Oct. 9, lost 1.9% on Tuesday, and fell 0.2% on Monday.
In other precious metals futures prices:
-
January platinum added $1.30, or 0.1%, to $925.90 an ounce, trading between $920 and $931.50.
- Palladium for December delivery edged down 15 cents, or less than 0.1%, to $952.80 an ounce, ranging from $943.10 to $962.35.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $6.20, or 0.5%, to 1,286.40 an ounce.
- Silver rose 7.5 cents, or 0.4%, to $17.025 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 | September | October | YTD | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 20,000 |
| $25 American Eagle 1 Oz Palladium Coin* | 0 | 0 | 15,000 | 0 | 15,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 3,000 | 8,000 | 8,000 | 178,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 1,000 | 2,000 | 32,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 2,000 | 58,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 25,000 | 25,000 | 355,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 1,000 | 1,500 | 4,500 | 81,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 150,000 | 320,000 | 750,000 | 16,648,500 |
| 2017 Effigy Mounds 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 35,000 |
| 2017 Frederick Douglass 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ozark Riverways 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ellis Island 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 40,000 |
Palladium is $45 above platinum this morning on Friday, October 20. Amazing! How high can it go? To it’s 2001 high of about $1075 maybe?
-NumisdudeTX