In trading action Thursday, gold and silver bounced to recover some of their prior-day losses, platinum advanced more than it lost on Wednesday, and palladium ended lower for a second day in a row.
Gold for February delivery settled up $5, or 0.3%, to $1,913.60 an ounce on the Comex division of the New York Mercantile Exchange.
Overall, "the gold market is caught deep inside ‘no man’s land’," said Edward Moya, senior market analyst, at Oanda, in a market update reported by MarketWatch. " One session gold is lower as yields rise alongside with the dollar, then the next one has gold bouncing back on the reflation trade."
Gold futures ranged from a low of $1,907.50 to a high of $1,929.60. They fell 2.3% on Wednesday, they climbed 0.4% on Tuesday — ending at their highest price since Sept. 18, and they tacked on 2.7% on Monday.
Silver for March delivery gained 21.9 cents, or 0.8%, to close at $27.261 an ounce. Silver futures traded between $26.02 and $27.50. They dropped 2.2% on Wednesday, they advanced 1% on Tuesday, for their highest settlement since Sept. 1, and they soared 3.6% on Monday.
In other precious metals futures prices Thursday:
April platinum tacked on $14.40, or 1.3%, to $1,124.60 an ounce, ranging from $1,098 to $1,131.40.
Palladium for March delivery fell $16.50, or 0.7%, to $2,431.60 an ounce, trading between $2,408.50 and $2,464.50.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold declined $11.85, or 0.6%, to $1,920.10 an ounce.
- Silver fell 39.5 cents, or 1.4%, to $27.13 an ounce.
US Mint Bullion Sales in 2021
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 / 2021||November||December||2020 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||2,000||33,500||77,000||48,500||747,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||13,000||4,000||2,000||70,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||16,000||10,000||0||106,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||45,000||35,000||0||350,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||15,000||23,500||10,500||242,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||2,700,000||4,805,000||751,000||30,089,500|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Marsh Billings 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||0||0||0||45,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||56,500|