Gold Logs First Loss in 5 Sessions; Platinum Maintains 6-Year High

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Platinum edged higher Thursday for another six-year settlement high. Gold, silver and palladium, meanwhile, declined. Gold’s loss was its first in five sessions.

Gold for April delivery gave back $15.90, or 0.9%, to settle at $1,826.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold’s inability to trade back over $1,850 has triggered profit-taking as the sharp USD decline has eased," Reuters quoted Tai Wong, head of base and precious metals derivatives trading at BMO.

Gold futures ranged from a low of $1,823.20 to a high of $1,848.60. They moved up 0.3% on Wednesday, for their highest settlement since Feb. 1, they gained 0.2% on Tuesday and they climbed 1.2% on Monday.

Silver for March delivery shed 3.1 cents, or 0.1%, to settle at $27.047 an ounce. Silver futures traded between $26.75 and $27.35. They dropped 1.2% on Wednesday, they declined 0.6% on Tuesday, and they surged 2.1% on Monday.

In other precious metals Thursday:

  • April platinum inched up 10 cents to $1,247 an ounce, ranging from $1,235.60 to $1,281.40. The settlement was the highest since Feb. 5, 2015 when platinum ended at $1,249.70.

  • Palladium for March delivery lost $5.50, or 0.2%, to $2,347 an ounce, trading between $2,337.50 and $2,373.50.

London Precious Metals Prices (LBMA)

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

  • Gold declined $2.55, or 0.1%, to $1,840.10 an ounce.
  • Silver fell 10.5 cents, or 0.4%, to $27.125 an ounce.

US Mint Bullion Sales in 2021

United States Mint bullion sales increased Thursday by a combined 17,000 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 December January Sales February 2021 Sales
$50 American Eagle 1 Oz Gold Coin 15,000 64,500 22,000 48,500 191,000 86,500 277,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 2,000 22,000 0 22,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 36,000 0 36,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 0 95,000 0 95,000
$50 American Buffalo 1 Oz Gold Coin 2,000 9,000 2,500 10,500 61,500 11,500 73,000
$1 American Eagle 1 Oz Silver Coin 0 1,621,000 500,000 751,000 4,775,000 2,121,000 6,896,000
America Samoa 5 oz Silver Coin* 0 0 0 0 0 0 0
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 0 0
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 0 0
Marsh Billings 5 oz Silver Coin* 0 0 0 0 0 0 0
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 0 0 0
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 0
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Jake

That photo is the significance of the article. Thank you coin news and touché! And thank you MUPPETs, for puppy dogs and kitty cats sell sell sell! Lol you muppets! Oh that cracks me up! Did anyone hear about lake street with Rush’s guest host? I bet you didnt hear daggon with her hogwash! Or Greg who doesnt want to make a coin like CB the cry baby. Ok back to 12+ hours of work OT exponential in france those white flaggers USA! end the FED! Wall street SELL SELL SELL HAHA

Last edited 15 days ago by Jake
Kaiser Wilhelm

Gold, silver, and Monopoly money.