Gold Posts Fourth Increase in Five Sessions on Thursday, Aug. 26

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Gold ended slightly ahead on Thursday while silver, platinum and palladium declined. Gold’s gain was its fourth in five sessions.

Gold for December delivery added $4.20, or 0.2%, to settle at $1,795.20 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices are modestly higher in midday U.S. trading, on some safe-haven demand and bulls taking advantage of the earlier dip in prices to do some bargain hunting," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,781.30 to a high of $1,800.40. They declined 1% on Wednesday, they edged 0.1% higher on Tuesday, for their highest settlement since Aug. 5, and they rose 1.3% on Monday.

Silver for September delivery fell 22.50 cents, or 1%, to settle at $23.55 an ounce. Silver futures traded between $23.44 and $23.90. They shed 0.5% on Wednesday, they climbed 1% on Tuesday, and they gained 2.4% on Monday.

In other precious metals futures prices Thursday:

  • October platinum declined $18, or 1.8%, to $975.50 an ounce, ranging from $976 to $995.70.

  • Palladium for September delivery fell $42.40, or 1.7%, to $2,388.30 an ounce, trading between $2,352 and $2,427.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged 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 June July August 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 28,000 12,000 158,000 49,500 95,500 729,500
$25 American Eagle 1/2 Oz Gold Coin 0 21,000 0 15,000 10,000 21,000 77,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 6,000 30,000 0 6,000 92,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 10,000 90,000 40,000 50,000 330,000
$50 American Buffalo 1 Oz Gold Coin 0 2,000 4,500 27,500 14,500 23,000 231,000
$1 American Eagle 1 Oz Silver Coin 0 824,000 740,000 2,800,000 3,104,000 3,145,000 22,155,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 0 52,900

 

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