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|