Palladium declined Thursday while other metals gained. Gold’s increase was its third in a row, and it ended the day at a two-week high.
Gold for February delivery tacked on $10.90, or 0.6%, to settle at $1,841.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 20.
"Stimulus talks and further dollar weakening are lending more support to gold," Reuters quoted StoneX analyst Rhona O’Connell in a note.
Gold futures ranged from a low of $1,826.70 to a high of $1,847.40. They rose 0.6% on Wednesday, they jumped 2.1% on Tuesday and they declined 0.4% on Monday, marking their lowest settlement since July 1 and ending the month of November with a 5.3% loss.
Silver for March delivery finished up 5.7 cents, or 0.2%, to $24.137 an ounce. Silver futures traded between $23.85 and $24.42. They dipped 0.04% on Wednesday, they soared 6.6% on Tuesday and they slipped 0.2% on Monday, logging their weakest finish since July 21 and posting a 4.5% loss for November.
In other precious metals futures prices Thursday:
January platinum tacked on $26.50, or 2.6%, to $1,038.60 an ounce, ranging from $1,005 to $1,042.10.
- Palladium for March delivery dropped $90.30, or 3.8%, to $2,317.90 an ounce, trading between $2,228 and $2,431.60.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $9.75, or 0.5%, to $1,832.85 an ounce.
- Silver added 19 cents, or 0.8%, to $24.17 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales increased Thursday by 2,000 ounces in American Gold Eagles and 1,000 ounces in American Gold Buffalos.
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||October||November||December||2020 Sales|
|$50 American Eagle 1 Oz Gold Coin||2,000||18,500||10,500||64,500||77,000||6,500||705,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||6,000||4,000||0||68,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||8,000||10,000||0||106,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||25,000||35,000||0||350,000|
|$50 American Buffalo 1 Oz Gold Coin||1,000||5,500||7,500||19,500||23,500||4,500||236,000|
|$1 American Eagle 1 Oz Silver Coin||0||825,000||800,000||3,397,000||4,805,000||276,000||29,614,500|
|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||0||0||0||45,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0||56,500|