Precious Metals Split Thursday, June 24

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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
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