Precious metals declined Thursday, logging losses ranging from 0.1% for gold to 1.3% for palladium. Gold’s loss was its first in six sessions, and follows a three-week settlement high.
Gold for August delivery gave back $1.90 to settle at $1,800.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Some early safe-haven buying amid a more uncertain marketplace late this week gave way to what appears to be some profit-taking from the shorter-term futures traders after recent gains," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,793.50 to a high of $1,819.50. They climbed 0.4% on Wednesday, for their highest settlement since June 16, and they rose 0.6% in the start to the trading week on Tuesday.
Silver for September delivery declined 14.2 cents, or 0.5%, to close at $25.987 an ounce. Silver futures traded between $25.87 and $26.31. They shed 0.2% on Wednesday and they fell 1.2% on Tuesday.
In other precious metals Thursday:
October platinum lost $7.40, or 0.7%, to $1,074.50 an ounce, ranging from $1,062.30 to $1,086.30.
- Palladium for September delivery fell $38.10 to $2,810.20 an ounce, trading between $2,780.50 and $2,864.
US Mint Bullion Sales in 2021
The United States Mint published no bullion sales gains 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||Last Week||March Sales||April Sales||May||June||July||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||55,500||38,500||20,500||158,000*||26,000||610,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||0||15,000*||0||46,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||20,000||0||0||30,000*||0||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||55,000||0||0||90,000*||0||240,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||33,500||11,000||44,000||27,500||6,500||200,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||4,087,000||1,053,000||0||2,800,000*||849,000||16,755,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||35,000||0||40,000||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||N/A||50,000||2,900||0||0||52,900|
*The U.S. Mint on Wednesday, July 7, adjusted June sales of American Gold Eagles with 1oz coins to 158,000 from 4,000; 1/2oz coins to 15,000 from 0; 1/4oz coins to 30,000 from 0 and 1/10oz coins to 90,000 from 0. The agency also lifted June sales of American Silver Eagles to 2.8 million from 0.