All but platinum advanced in precious metals trading Thursday. Gains in gold and silver were their fourth in five sessions while palladium’s increase was its first in four sessions.
Gold for August delivery climbed 90 cents, or 0.05%, to settle at $1,896.40 an ounce on the Comex division of the New York Mercantile Exchange.
"The key takeaway (from the inflation data) is that this market is firmly believing that the U.S. Federal Reserve is not going to change stance anytime soon and the (accommodative policy) playbook for gold remains," Reuters quoted Edward Moya, senior market analyst at OANDA.
Gold futures ranged from a low of $1,871.80 to a high of $1,897.90. They edged up 0.06% on Wednesday, they dipped 0.2% on Tuesday, and they tacked on 0.4% on Monday. Just a week ago Wednesday, June 2, gold at $1,909.90 an ounce marked its highest settlement since Jan. 7.
Silver for July delivery advanced 2.9 cents, or 0.1%, to close at $28.031 an ounce. Silver futures traded between $27.47 and $28.10. They gained 1% on Wednesday, they fell 1% on Tuesday, and they rose 0.4% on Monday.
In other precious metals futures prices Thursday:
July platinum lost $5.80, or 0.5%, to $1,146 an ounce, ranging from $1,127 to $1,152.50.
- Palladium for September delivery added $4.90, or 0.2%, to $2,777.70 an ounce, trading between $2,736 and $2,786.
US Mint Bullion Sales in 2021
United States Mint published 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||March Sales||April Sales||May||This Week / June||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||55,500||38,500||20,500||4,000||430,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||0||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||20,000||0||0||0||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||55,000||0||0||0||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||33,500||11,000||44,000||1,000||167,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||4,087,000||1,053,000||0||0||13,106,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||35,000||0||40,000||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||N/A||50,000||2,900||0||52,900|