In trading action Thursday, palladium gained modestly while gold, silver and platinum posted rather sharp losses. Gold closed the day at a more than two-month low.
Gold for April delivery lost $43.90, or 2.4%, to settle at $1,791.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Nov. 30.
"Technically, April gold futures prices hit a two-month low today. The gold bears have gained the overall near-term technical advantage. Prices are now in a four-week-old downtrend on the daily bar chart," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold future ranged from a low of $1,784.60 to a high of $1,835.70. They edged up 0.09% on Wednesday, they fell 1.6% on Tuesday and they rose 0.7% on Monday to post their best close since Jan. 21.
Silver for March delivery declined 65.5 cents, or 2.4%, to settle at $26.234 an ounce. Silver futures traded between $25.93 and $27.02. They tacked on 1.8% on Wednesday, they sank 10.3% on Tuesday, and they soared 9.3% on Monday for their highest finish since Feb. 19, 2013.
In other precious metals futures prices on Thursday:
April platinum gave back $11.50, or 1%, to $1,103 an ounce, ranging from $1,084.80 to $1,113.40.
- Palladium for March delivery rose $4.10, or 0.2%, to $2,280.70 an ounce, trading between $2,236.50 and $2,293.50.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold fell $49.55, or 2.7%, to $1,785.90 an ounce.
- Silver declined 40 cents, or 1.5%, to $26.80 an ounce.
US Mint Bullion Sales in 2021
United States Mint bullion sales were increased Thursday by a combined 28,500 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||Last Week||This Week / February||December||January Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||26,000||59,000||42,000||48,500||191,000||233,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||5,000||0||2,000||22,000||22,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||8,000||0||0||36,000||36,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||0||95,000||95,000|
|$50 American Buffalo 1 Oz Gold Coin||2,500||5,500||9,000||10,500||61,500||70,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||1,621,000||751,000||4,775,000||6,396,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||0|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||0|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||0|
|Marsh Billings 5 oz Silver Coin*||0||0||0||0||0||0|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||0||0||0||0|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0|