Precious metals kicked of the new trading month Thursday with gains ranging from 0.8% for gold to 1.7% for silver.
Gold for June delivery tacked on $12.80 to settle at $1,728.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Quarter-end rebalancing and short covering may be helping the precious metal recoup some losses after what was a terrible quarter," MarketWatch quoted Raffi Boyadjian, senior investment analyst at XM.
Gold futures ranged from a low of $1,706.40 to a high of $1,732. They gained 1.8% on Wednesday, but still marked declines of 0.8% for Mach and 9.5% for the first quarter, they dropped 1.7% on Tuesday, and they declined 1.2% on Monday.
Silver for May delivery jumped 41.6 cents to end at $24.948 an ounce. Silver futures traded between $24.27 and $25.05. They gained 1.6% on Wednesday, yet still logged losses of 7.2% for March and 7.1% for the first quarter, they lost 2.6% on Tuesday, and they fell 1.4% on Monday.
In other precious metals futures Thursday:
July platinum added $17.10, or 1.4%, to $1,208.60 an ounce, ranging from $1,176.60 to $1,217.50.
- Palladium for June delivery added $35.90, or 1.4%, to $2,655.80 an ounce, trading between $2,607 and $2,699.
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 / This Week / April||Last Week||January Sales||February Sales||March Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||10,500||191,000||121,000||45,000||357,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||22,000||9,000||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||36,000||0||20,000||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||95,000||0||55,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||17,500||61,500||16,000||32,500||110,000|
|$1 American Eagle 1 Oz Silver Coin||0||850,000||4,775,000||3,191,500||3,302,000||11,268,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||N/A||N/A||35,000||35,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||0|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||0|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||0|
|Marsh Billings 5 oz Silver Coin*||0||0||0||0||0||0|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||0||0||0||0|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0|