Gold, silver and platinum fell Thursday while palladium moved ahead for yet another settlement record.
Gold for February delivery declined $3.50, or 0.2%, to settle at $1,550.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is softer right now on stronger equities, and as the geopolitical front is also getting a little quiet when it comes to China and Iran issues," Reuters quoted Bob Haberkorn, senior market strategist at RJO Futures.
Gold prices ranged from a low of $1,548 to a high of $1,558.20. They gained 0.6% on Wednesday, they declined 0.4% on Tuesday — for their lowest close since Jan. 2, and they lost 0.6% on Monday.
Silver for March delivery slipped 4.9 cents, or 0.3%, to settle at $17.939 an ounce. Silver futures traded between $17.87 and $18.06. They rebounded 1.4% on Wednesday, they dropped 1.4% on Tuesday — for their weakest settlement since Dec. 23, and they shed 0.6% on Monday.
In other precious metals prices Thursday:
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April platinum lost $24.40, or 2.4%, to $1,001.20 an ounce, ranging between $998.40 and $1,046.70.
- Palladium for March delivery rose $12.70, or 0.6%, to a record settlement of $2,177.80 an ounce. Palladium traded between $2,163.40 and $2,244.80.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $5.55, or 0.4%, to $1,554.55 an ounce.
- Silver added 16 cents, or 0.9%, to $18.01 an ounce.
US Mint Bullion Sales
United States Mint bullion sales were unchanged according to data published on the agency’s website. Below is a sales breakdown of U.S. Mint 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 / This Week | Last Week | November | December | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 8,000 | 2,000 | 108,000 |
| $25 American Eagle 1/2 Oz Gold Coin* | 0 | 0 | 5,000 | 0 | 30,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 0 | 38,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 0 | 195,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 5,000 | 1,500 | 61,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 463,000 | 0 | 14,863,500 |
| Frank Church River of No Return Wilderness 5 Oz Silver Coin | 0 | 0 | 20,000 | 5,000 | 25,000 |
| San Antonio Missions 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 55,200 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 72,500 |
| American Memorial Park 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 80,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | |||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | |||
