Precious metals futures posted gains Thursday, led by a near 5% increase in palladium. Gold performed the weakest among the metals, rising 0.3%.
Gold for April delivery rose $5.40 to settle at $1,732.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are moderately up in choppy, two-sided U.S. trading Thursday, and are hanging on to the good gains posted Wednesday in the wake of a dovish U.S. central bank stance reiterated Wednesday afternoon. The ability of gold and silver to hold Wednesday’s gains and even add a bit to them is a positive sign for price action in the near term," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,716.60 to a high of $1,754.20. They shed 0.2% on Wednesday, they edged up 0.1% on Tuesday, and they rose 0.6% on Monday.
Silver for May delivery tacked on 29.3 cents, or 1.1%, to end at $26.351 an ounce. Silver futures traded between $25.87 and $26.74. They moved up 0.2% on Wednesday, they declined 1.1% on Tuesday, and they surged 1.5% on Monday.
In other precious metals prices Thursday:
April platinum gained $18.20, or 1.5%, to $1,217.50 an ounce, ranging from $1,206.80 to $1,233.90.
- Palladium for June delivery jumped $124.50, or 4.9%, to $2,662.80 an ounce, trading between $2,575 and $2,749.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:
- Gold fell $3.75, or 0.2%, to $1,725.90 an ounce.
- Silver added 28 cents, or 1.1%, at $26.13 an ounce.
US Mint Bullion Sales in 2021
United States Mint bullion sales increased Thursday by 130,000 ounces in silver coins and a combined 6,500 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||January Sales||February Sales||March Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||3,500||12,500||15,500||191,000||121,000||34,500||346,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||22,000||9,000||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||36,000||0||20,000||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||55,000||0||95,000||0||55,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||3,000||0||4,000||61,500||16,000||15,000||92,500|
|$1 American Eagle 1 Oz Silver Coin||130,000||1,000,000||691,000||4,775,000||3,191,500||2,452,000||10,418,500|
|$100 American Eagle 1 Oz Platinum Coin||0||4,500||0||N/A||N/A||35,000||35,000|
|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|