Precious Metals Increase Thursday, April 8

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fine gold 999.9 April 8,2021
Gold prices climbed Thursday, marking their fifth gain in six sessions

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
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Kaiser Wilhelm

Don’t gain much and don’t lose much; the middle of the road life of a silver fancier.