Gold Prices Slip Below $1,900/oz

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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
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Mark D.

Check out “Basel 3,” story in Numismatic News.

Mark D.

Have you reviewed the, “Mint Postpones…,” article’s comments? Verrrrrry interesting, but not funny. Gullible bots vs. entitled bots vs. truly clueless bots.