Precious metals divided Thursday with gold and platinum falling and silver and palladium rising. Gold’s loss was just its second in eleven sessions.
Gold for August delivery — the new, most-active contract — lost $5.30, or 0.3%, to settle at $1,898.50 an ounce on the Comex division of the New York Mercantile Exchange.
"The story for gold remains that it’s not getting sold off hard after a big run. It remains firm," MarketWatch quoted Peter Spina, president and chief executive officer at GoldSeek.com.
Gold futures ranged from a low of $1,890.80 to a high of $1,906.50. They gained 0.2% on Wednesday — for their highest close since Jan. 7, they rose 0.7% on Tuesday, and they moved ahead 0.4% on Monday.
Silver for July delivery added 6.3 cents, or 0.2%, to settle at $27.94 an ounce. Silver futures traded between $27.57 and $27.99. They declined 0.6% on Wednesday, they finished up 0.5% on Tuesday and they tacked on 1.5% on Monday.
In other precious metals prices Thursday:
July platinum finished down $21.10, or 1.8%, to $1,179.10 an ounce, ranging from $1,171.10 to $1,200.70.
- Palladium for September delivery — the new, most-active contract — advanced $57.80, or 2.1%, to $2,810.50 an ounce, trading between $2,733 and $2,847.
US Mint Bullion Sales in 2021
Published U.S. Mint bullion sales increased Thursday by 3,000 ounces in American Buffalo gold coins.
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||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||3,000||31,000||13,000||16,000||33,500||11,000||44,000||166,000|
|$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|