Silver, platinum and palladium logged gains Thursday while gold recorded its second consecutive loss after having hit a three-week high on Tuesday.
Gold for February delivery gave back $1.10, or 0.06%, to settle at $1,837.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Wednesday, Dec. 2.
"The safe haven metals are now languishing and need a new fundamental spark to reinvigorate the bulls. The precious metals are being squelched this week amid less risk aversion in the marketplace," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,831.50 to a high of $1,851.30. They fell 1.9% on Wednesday, they rose 0.5% on Tuesday — marking their best settlement since Nov. 17, and they gained 1.4% on Monday.
Silver for March delivery rose 10.4 cent, or 0.4%, to close at $24.094 an ounce. Silver futures traded between $23.82 and $24.34. They tumbled 3% on Wednesday, for their lowest settlement since Nov. 30, they dipped 0.2% on Tuesday and they rose 2.2% on Monday, finishing at their best level since Nov. 16.
In other precious metals prices Thursday:
January platinum gained $9.20, or 0.9%, to $1,027.70 an ounce, ranging from $1,005.80 to $1,049.20.
- Palladium for March delivery surged $44.90, or 2%, to $2,335.50 an ounce, trading between $2,266.50 and $2,383.50.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold added $2.60, or 0.1%, to $1,844.35 an ounce.
- Silver lost 20 cents, or 0.8%, to $23.885 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales increased Thursday by 6,500 ounces in 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. 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||6,500||12,500||22,500||64,500||77,000||29,000||728,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||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||5,000||0||25,000||35,000||0||350,000|
|$50 American Buffalo 1 Oz Gold Coin||0||7,500||1,000||19,500||23,500||5,500||237,000|
|$1 American Eagle 1 Oz Silver Coin||0||800,000||475,000||3,397,000||4,805,000||751,000||30,089,500|
|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|