Precious Metals Decline Thursday, March 25

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Precious metals declined on Thursday following gains on Wednesday. Losses on the day ranged from 0.5% for gold and 2.2% from platinum.

Gold for April delivery fell $8.10 to settle at $1,725.10 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver prices are down in midday U.S. trading Thursday, with silver hitting a two-month low. A stronger U.S. dollar and a breakdown in the crude oil market this week have the metals market bulls running for cover," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,723.20 to a high of $1,738.40. They gained 0.5% on Wednesday, they lost 0.8% on Tuesday, and they shed 0.2% on Monday.

Silver for May delivery declined 18.4 cents, or 0.7%, to settle at $25.047 an ounce. Silver futures traded between $24.43 and $25.22. They inched up 0.02% on Wednesday, they declined 2.1% on Tuesday, and they dropped 2.1% on Monday.

In other precious metals prices on Thursday:

  • April platinum dropped $26 to $1,154.20 an ounce, ranging from $1,143.80 to $1,183.90.

  • Palladium for June delivery fell $24.70, or 0.9%, to $2,615.40 an ounce, trading between $2,602.50 and $2,649.

US Mint Bullion Sales in 2021

United States Mint bullion sales were unchanged Thursday. 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 0 15,500 10,500 191,000 121,000 45,000 357,000
$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 0 0 95,000 0 55,000 150,000
$50 American Buffalo 1 Oz Gold Coin 0 4,000 17,500 61,500 16,000 32,500 110,000
$1 American Eagle 1 Oz Silver Coin 0 691,000 850,000 4,775,000 3,191,500 3,302,000 11,268,500
$100 American Eagle 1 Oz Platinum Coin 0 0 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
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