Precious metals gained Thursday, led by silver and followed by gold. Increases in platinum and palladium were modest.
Gold for June delivery tacked on $16.60, or 1%, to settle at $1,758.20 an ounce on the Comex division of the New York Mercantile Exchange.
"The dollar and U.S. yields are coming off and that’s the key catalyst right now… a pretty unimpressive jobs number is also helping push gold higher," Reuters quoted Bob Haberkorn, senior market strategist, RJO Futures. "And the fact that we’re above $1,750, which is a key technical level, shows that gold has some legs to continue higher."
Gold futures ranged from a low of $1,733.60 to a high of $1,759.40. They dipped 0.08% on Wednesday, they rose 0.8% on Tuesday, and they inched up 0.02% on Monday.
Silver for May delivery increased 33.8 cents, or 1.3%, to close at $25.585 an ounce. Silver futures traded between $25.02 and $25.68. They climbed 0.08% on Wednesday, they advanced 1.8% on Tuesday, and they declined 0.7% on Monday.
In other precious metals futures prices on Thursday:
July platinum added $3.50, or 0.3%, to $1,235.40 an ounce, ranging from $1,222.10 to $1,243.70.
- Palladium for June delivery added $7.20, or 0.3%, to $2,628.30 an ounce, trading between $2,606.50 and $2,650.
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 / April||January Sales||February Sales||March Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||13,000||191,000||121,000||55,500||380,500|
|$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||0||0||95,000||0||55,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||3,500||61,500||16,000||33,500||114,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||596,000||4,775,000||3,191,500||4,087,000||12,649,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||N/A||N/A||35,000||35,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||50,000||N/A||N/A||N/A||50,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0||0|