Precious metals divided Thursday with gold and silver falling and platinum and palladium rising. Gains for platinum and palladium were actually their fourth in a row.
Gold for August delivery shed $6.70, or 0.4%, to settle at $1,776.70 an ounce on the Comex division of the New York Mercantile Exchange.
The "current global optimism has caused traders and other mid-term investors to rotate away from defensive values and safe havens to riskier assets, which represents a strong bearish market driver for gold," MarketWatch quoted Pierre Veyret, technical analyst at ActivTrades.
Gold futures ranged from a low of $1,772.70 to a high of $1,788.60. They edged 0.3% higher on Wednesday, they gave back 0.3% on Tuesday, and they moved up 0.8% on Monday.
Silver for July delivery lost 6.1 cents, or 0.2%, to close at $26.05 an ounce. Silver futures traded between $25.86 and $26.25. They rose 1% on Wednesday, they shed 0.7% on Tuesday, and they edged up 0.2% on Monday.
In other precious metals prices on Thursday:
July platinum added $7.40, or 0.7%, to $1,093.90 an ounce, ranging from $1,067.40 to $1,096.50.
- Palladium for September delivery tacked on $13.40, or 0.5%, to $2,643.90 an ounce, trading between $2,604 and $2,656.50.
US Mint Bullion Sales in 2021
The United States Mint published no bullion sales on Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
|US Mint Bullion Sales (# of coins)|
|Thursday / This Week||Last Week||March Sales||April Sales||May||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||7,000||173,000|
|$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|