In trading action Thursday, palladium declined while gold, silver and platinum gained. Gold scored a six-week high and silver ended at a three-month high.
Gold for February delivery advanced $31.30, or 1.7%, to settle at $1,890.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 6.
"A combination of an additional stimulus package along with additional bond buying and asset purchases from the Fed has clearly driven gold and silver prices higher," Reuters quoted David Meger, director of metals trading at High Ridge Futures.
Gold futures ranged from a low of $1,865.90 to a high of $1,902. They rose 0.2% on Wednesday, they added 1.3% on Tuesday, and they slipped 0.6% on Monday.
Silver for March delivery soared $1.13, or 4.5%, to close at $26.181 an ounce. The finish was silver’s highest since Sept. 18. Silver futures traded between $25.33 and $26.31. They tacked on 1.7% on Wednesday, they jumped 2.5% on Tuesday, and they retreated 0.2% on Monday.
In other precious metals futures on Thursday:
January platinum gained $14.70, or 1.4%, to $1,050.10 an ounce, ranging from $1,034.90 to $1,064.80.
- Palladium for March delivery dipped 70 cents, or 0.03%, to $2,347.50 an ounce, trading between $2,328.50 and $2,366.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $38.80, or 2.1%, to $1,890.75 an ounce.
- Silver surged 61 cents, or 2.4%, to $25.70 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales were unchanged Thursday. 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||0||24,000||5,000||64,500||77,000||35,500||734,500|
|$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||0||0||25,000||35,000||0||350,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,500||0||19,500||23,500||7,000||238,500|
|$1 American Eagle 1 Oz Silver Coin||0||475,000||0||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|