Gold Registers 9th Gain in 10 Sessions

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On Wednesday, prices for gold and platinum rose while those for silver and palladium declined. Gold’s gain was its ninth in ten sessions, and it ended at another near 20-week high.

Gold for June delivery added $3.20, or 0.2%, to settle at $1,901.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was again the highest since Jan. 7 when gold ended at $1,913.60 an ounce. The yellow metal is now also higher on the year-to-date, up 0.3%.

"With investors still sounding the alarm over inflation, institutional interest in the precious metals complex is likely to continue rising following months of outflows, providing an offsetting force against taper fears for the time being," TD Securities said in a note reported by Reuters.

Gold futures ranged from a low of $1,890.70 to a high of $1,913.30. They rose 0.7% on Tuesday and they moved ahead 0.4% on Monday.

Silver for May delivery declined 17.9 cents, or 0.6%, to settle at $27.877 an ounce. Silver futures traded between $27.68 and $28.34. They finished up 0.5% on Tuesday and they tacked on 1.5% on Monday.

In PGM futures on Wednesday:

  • July platinum rose $3.30, or 0.3%, to $1,200.20 an ounce, ranging from $1,191.60 to $1,217.60.

  • Palladium for June delivery fell $29, or 1%, to $2,748.20 an ounce, trading between $2,730 and $2,804.

US Mint Bullion Sales in 2021

Published U.S. Mint sales were unchanged Wednesday. 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)
Wednesday Last Week This Week February Sales March Sales April Sales May 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 18,500 2,000 121,000 55,500 38,500 20,500 426,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 9,000 0 0 0 31,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 20,000 0 0 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 0 55,000 0 0 150,000
$50 American Buffalo 1 Oz Gold Coin 0 31,000 10,000 16,000 33,500 11,000 41,000 163,000
$1 American Eagle 1 Oz Silver Coin 0 0 0 3,191,500 4,087,000 1,053,000 0 13,106,500
$100 American Eagle 1 Oz Platinum Coin 0 26,400 13,600 N/A 35,000 0 40,000 75,000
Tuskegee Airmen 5 oz Silver Coin 0 2,900 0 N/A N/A 50,000 2,900 52,900
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Kaiser Wilhelm

Oh sure, plenty of that shiny gold around, but where in the world has all the silver gone?

Last edited 27 days ago by Kaiser Wilhelm
Mark D.

Kodak and silver hailide are making a comeback. We’ll see what develops.