Gold Dips 0.2%; Silver Marks Fourth Straight Increase

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Silver, platinum and palladium advanced Thursday while gold declined, although modestly. Silver’s gain was its fourth straight.

Gold for February delivery dipped $3.50, or 0.2%, to settle at $1,851.40 an ounce on the Comex division of the New York Mercantile Exchange.

Gold futures ranged from a low of $1,826.60 to a high of $1,857.60. They added 0.6% on Wednesday, they gave back 0.4% on Tuesday, and they rose 0.8% on Monday.

Silver for March delivery gained 23 cents, or 0.9%, to settle at $25.802 an ounce. Silver futures traded between $25.09 and $25.99. They edged 0.5% higher on Wednesday, they picked up 0.6% on Tuesday and they surged 2.6% on Monday.

In other precious metals futures prices Thursday:

  • April platinum advanced $15.70, or 1.4%, to $1,126.40 an ounce, ranging from $1,101 to $1,130.

  • Palladium for March delivery tacked on $26.20, or 1.1%, to $2,423.30 an ounce, trading between $2,373.50 and $2,428.

London Precious Metals Prices (LBMA)

In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:

  • Gold fell $17.10, or 0.9%, to $1,841.75 an ounce.
  • Silver shed 8.5 cents, or 0.3%, to $25.25 an ounce.

US Mint Bullion Sales in 2021

United States Mint bullion sales increased Wednesday by 28,000 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 December 2020 Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 28,000 43,500 72,500 48,500 747,500 116,000
$25 American Eagle 1/2 Oz Gold Coin 0 17,000 0 2,000 70,000 17,000
$10 American Eagle 1/4 Oz Gold Coin 0 22,000 6,000 0 106,000 28,000
$5 American Eagle 1/10 Oz Gold Coin 0 60,000 35,000 0 350,000 95,000
$50 American Buffalo 1 Oz Gold Coin 0 20,500 6,000 10,500 242,000 26,500
$1 American Eagle 1 Oz Silver Coin 0 2,800,000 1,875,000 751,000 30,089,500 4,675,000
America Samoa 5 oz Silver Coin* 0 0 0 0 45,000 0
Weir Farm 5 oz Silver Coin* 0 0 0 0 45,000 0
Salt River Bay 5 oz Silver Coin* 0 0 0 0 45,000 0
Marsh Billings 5 oz Silver Coin* 0 0 0 0 45,000 0
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 45,000 0
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 56,500 0

 

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