Gold and silver futures traded in very narrow ranges Thursday with both logging modest settlement changes for a third straight session.
Gold for December delivery dipped $1.10, or 0.09%, to settle at $1,219.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Right now, gold is in a holding pattern until you get a little bit more of data," Reuters quoted Josh Graves, senior commodities strategist at RJO Futures.
Gold futures ranged from a low of $1,218.40 to a high of $1,225.60. They added 0.2% on Wednesday, climbed less than 0.1% on Tuesday, and lost 0.5% on Monday — ending at their worst level since July 13, 2017.
Ending higher for a third straight day, silver for September settled up 3 cents, or 0.2%, to $15.462 an ounce. Silver futures traded between $15.38 and $15.53. They gained 0.4% on Wednesday, rose 0.2% on Tuesday, and dropped 0.7% on Monday — closing at their lowest point since April 7, 2016.
In other precious metals futures prices on Thursday:
-
October platinum advanced $4.60, or 0.6%, to $834.10 an ounce, ranging from $827.50 to $842.30.
- Palladium for September delivery tacked on $12, or 1.4%, to $898.40 an ounce, trading between $885.30 and $901.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $4.80, or 0.4%, to 1,214.35 an ounce.
- Silver added 13.5 cents, or 0.9%, to $15.48 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2018
United States Mint bullion sales grew by 5,000 ounces in $50 American Gold Eagles. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Thursday | Last Week | This Week | July | August | 2018 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 30,000 |
| $50 American Eagle 1 Oz Gold Coin | 5,000 | 2,000 | 6,000 | 31,500 | 6,500 | 125,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 0 | 18,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 50,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 25,000 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 6,500 | 9,000 | 24,500 | 9,500 | 87,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 130,000 | 235,000 | 885,000 | 265,000 | 7,972,500 |
| Pictured Rocks 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 30,000 |
| Apostle Islands 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 30,000 |
| Voyageurs 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 30,000 |
This article was edited to include updated U.S. Mint bullion figures.
