Platinum moved ahead slightly on Thursday while gold, silver and palladium declined. Losses for gold and silver were their first in three sessions.
Gold for December delivery shed $1.50, or 0.09%, to settle at $1,751.80 an ounce on the Comex division of the New York Mercantile Exchange.
"The gold bears still have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at this week’s low of $1,676.40," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,744.70 to a high of $1,759.60. They gained 1.3% on Wednesday, they rose 0.3% on Tuesday, and they fell 2.1% on Monday, finishing at their lowest level since March 31.
Silver for September delivery dropped 37.2 cents, or 1.6%, to end at $23.116 an ounce. Silver futures traded between $22.97 and $23.53. They rose 0.4% on Wednesday, they gained 0.5% on Tuesday, and they tumbled 4.4% on Monday.
In other precious metals prices Thursday:
October platinum rose $2.10, or 0.2%, to $1,017.70 an ounce, ranging from $1,004 to $1,023.
- Palladium for September delivery declined $8.90, or 0.3%, to $2,623.90 an ounce, trading between $2,615 and $2,658.
US Mint Bullion Sales in 2021
The United States Mint published their first bullion sales of the week. Increases on Thursday included a combined 38,500 ounces in American Gold Eagles; 11,500 ounces in American Gold Buffalos; and 968,500 ounces in American Silver Eagles.
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||June||July||August||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||37,000||15,500||158,000||49,500||52,500||686,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||15,000||10,000||0||56,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||30,000||0||0||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||15,000||15,000||90,000||40,000||30,000||310,000|
|$50 American Buffalo 1 Oz Gold Coin||11,500||3,000||27,500||14,500||14,500||222,500|
|$1 American Eagle 1 Oz Silver Coin||968,500||612,500||2,800,000||3,104,000||1,581,000||20,591,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||52,900|