Thursday marked another day of very modest movements in precious metals prices. Palladium and gold were near unchanged while platinum rose 0.3% and silver climbed 0.6%.
Gold for December delivery added 50 cents, or less than 0.1%, to settle at $1,278.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices ended the U.S. day session near unchanged in lackluster, two-sided dealings Thursday. There have been no significant news developments recently to drive the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "That has left gold and silver to be more influenced by the daily price action in the U.S. dollar index."
Gold futures ranged from a low of $1,274.90 to a high of $1,281.80. They slipped 0.4% on Wednesday, settled up 0.3% on Tuesday, and gained 0.4% in starting the week on Monday.
Silver for December delivery advanced 10.1 cents to settle at $17.072 an ounce. Silver futures traded between $16.94 and $17.13. They dropped 0.6% in the previous session, gained 0.2% on Tuesday, and moved up 1% on Monday.
In other precious metals futures prices:
-
January platinum added $3.10 to $936.20 an ounce, ranging from $930.40 to $937.30.
- Palladium for December delivery dipped 25 cents, or less than 0.1%, to $984.85 an ounce, trading between $978.50 and $988.65.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold declined $2.20, or 0.2%, to 1,280 an ounce.
- Silver lost 7.5 cents, or 0.4%, to $17.04 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
U.S. 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 | October | November | YTD | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| $25 American Eagle 1 Oz Palladium Coin* | 0 | 0 | 0 | 0 | 0 | 15,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,500 | 2,500 | 11,000 | 5,000 | 186,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 32,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 58,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 10,000 | 30,000 | 10,000 | 370,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 500 | 7,000 | 1,000 | 84,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 90,000 | 175,000 | 1,040,000 | 265,000 | 17,203,500 |
| 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 | 0 | 0 | 40,000 |
| 2017 George Rogers Clark 5 Oz Silver Coin* | 0 | N/A | 30,900 | N/A | 30,900 | 30,900 |
