Gold Marks Third Straight Gain, Ends at 2-Week High

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999.9 Fine Gold Bullion
Gold futures climbed 0.6% on Thursday, Dec. 3

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

 

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