Gold and palladium traded lower Thursday while silver and platinum registered their third straight day of gains.
Gold for February delivery shed 60 cents, or 0.03%, to settle at $1,865.90 an ounce on the Comex division of the New York Mercantile Exchange.
"It is nothing more than some simple profit taking after the recent rally prompted by expectations for further stimulus coming from the Biden (administration)," Reuters quoted David Meger, director of metals trading at High Ridge Futures. "However, the prospect of further stimulus along with a weaker dollar continues to support gold in the bigger picture perspective."
Gold futures ranged from a low of $1,857.50 to a high of $1,874.60. They rose 1.4% on Wednesday for their best settlement since Jan. 7, and they gained 0.6% in starting the trading week on Tuesday.
Silver for March delivery settled up 8.8 cents, or 0.3%, to $25.854 an ounce. Silver futures traded between $25.70 and $26.13. They advanced 1.8% on Wednesday and on Tuesday.
In other precious metals futures on Thursday:
April platinum gained $11.60, or 1%, to $1,128 an ounce, ranging from $1,105.80 and $1,163.40.
- Palladium for March delivery declined $28.10, or 1.2%, to $2,375.10 an ounce, trading between $2,365.50 and $2,414.50.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold added $5.50, or 0.3%, to $1,862.10 an ounce.
- Silver was unchanged at $25.295 an ounce.
US Mint Bullion Sales in 2021
United States Mint bullion sales increased Thursday by 100,000 ounces in silver coins and a combined 45,500 ounces in gold coins.
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 / This Week||Last Week||December||2020 Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||16,000||72,500||48,500||747,500||132,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||2,000||70,000||17,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||6,000||0||106,000||28,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||35,000||0||350,000||95,000|
|$50 American Buffalo 1 Oz Gold Coin||29,500||6,000||10,500||242,000||56,000|
|$1 American Eagle 1 Oz Silver Coin||100,000||1,875,000||751,000||30,089,500||4,775,000|
|America Samoa 5 oz Silver Coin*||0||0||0||45,000||0|
|Weir Farm 5 oz Silver Coin*||0||0||0||45,000||0|
|Salt River Bay 5 oz Silver Coin*||0||0||0||45,000||0|
|Marsh Billings 5 oz Silver Coin*||0||0||0||45,000||0|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||0||45,000||0|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||56,500||0|