Precious metals performed as a group the same way for a second straight day with palladium ending lower and gold, silver and platinum finishing higher. Gold’s gain was actually its third in a row, and the yellow metal registered another, almost one-month high.
Gold for August delivery rose $4, or 0.2%, to settle at $1,829 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was again the highest since June 16 when gold ended at $1,861.40 an ounce.
It’s "difficult to determine the primary bullish force serving to lift gold and silver prices this week, but we suspect that persistent resiliency in U.S. Treasury bond prices [lower Treasury yields] are at the top of the list," analysts at brokerage Zaner wrote in a daily note reported by MarketWatch.
Gold futures ranged from a low of $1,820.60 to a high of $1,835. They advanced 0.8% on Wednesday, they inched 0.2% higher on Tuesday, and they shed 0.3% on Monday.
Silver for September delivery closed up 12.3 cents, or 0.5%, to end at $26.394 an ounce. Silver futures traded between $26.24 and $26.49. They moved up 0.5% on Wednesday, they declined 0.4% on Tuesday, and they edged up 0.02% on Monday.
In other precious metals futures on Thursday:
October platinum gained $9.60, or 0.9%, to $1,137.70 an ounce, ranging from $1,125.10 to $1,145.20.
- Palladium for September delivery dropped $97, or 3.4%, to $2,729.30 an ounce, trading between $2,693 and $2,832.
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||This Week||May||June||July||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||26,000||13,000||20,500||158,000||39,000||623,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||10,000||0||15,000||10,000||56,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||0||30,000||0||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||0||90,000||0||240,000|
|$50 American Buffalo 1 Oz Gold Coin||0||10,500||3,500||44,000||27,500||14,000||207,500|
|$1 American Eagle 1 Oz Silver Coin||0||849,000||690,000||0||2,800,000||1,539,000||17,445,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||40,000||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||2,900||0||0||52,900|