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|