Precious metals were little changed Thursday with gold and palladium closing slightly higher and silver and platinum ending modestly lower. Gold’s gain was its fifth in six sessions.
Gold for December delivery added $1.60, or 0.08%, to settle at $1,908.90 an ounce on the Comex division of the New York Mercantile Exchange.
"The focus is on renewed hopes for stimulus talks as the U.S. president keeps pushing to get a deal done and gold is ignoring the strength in the dollar," Reuters quoted ED&F Man Capital Markets analyst Edward Meir. "But with the dollar as strong as it is, the upside in gold will likely be limited."
Gold futures ranged from a low of $1,892.70 to a high of $1,912.20. They rose 0.7% on Wednesday, they shed 1.8% on Tuesday, and they edged 0.1% higher on Monday for their best settlement since Sept. 18.
Silver for December delivery lost 17.1 cents, or 0.7%, to $24.224. Silver futures traded between $23.65 and $24.42. They gained 1.1% on Wednesday, they sank 4.5% on Tuesday, and they gained 0.7% on Monday, also for their highest settlement since Sept. 18.
In other precious metals futures prices on Thursday:
-
January platinum dipped $2.10, or 0.2%, to $861.30 an ounce, ranging from $841.70 to $870.10.
- Palladium for December delivery edged up 80 cents, or 0.03%, to $2,367.10 an ounce, trading between $2,327.10 and $2,374.20.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold declined $18.15, or 1%, to $1,891.90 an ounce.
- Silver fell 24 cents, or 1%, to $23.935 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales increased Tuesday by 3,000 ounces in American Gold Eagles and by 2,000 ounces in American Gold Buffalo gold coins.
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 | Last Week | This Week | August | September | October | 2020 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 3,000 | 16,000 | 10,000 | 104,000 | 18,500 | 39,500 | 597,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 1,000 | 10,000 | 3,000 | 3,000 | 61,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 20,000 | 4,000 | 4,000 | 92,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 70,000 | 10,000 | 5,000 | 295,000 |
| $50 American Buffalo 1 Oz Gold Coin | 2,000 | 2,000 | 5,000 | 28,000 | 4,500 | 13,500 | 202,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 826,000 | 582,000 | 4,477,000 | 2,958,500 | 1,408,000 | 22,544,500 |
| America Samoa 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Weir Farm 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Salt River Bay 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Marsh Billings 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Tallgrass Prairie 5 oz Silver Coin* | 0 | 0 | 0 | N/A | 45,000 | 0 | 45,000 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 56,500 |
