Gold and silver snapped a two-session losing streak Thursday but platinum and palladium declined for a third day in a row.
Gold for December delivery rose $6.50, or 0.4%, to settle at $1,800 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, gold bulls have the slight overall near-term technical advantage but are fading and need to show more power soon to keep a four-week-old price uptrend alive on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at the July high of $1,836.20," said Jim Wyckoff, senior analyst at Kitco Metals.
Gold futures ranged from a low of $1,785.10 to a high of $1,803.40. They shed 0.3% on Wednesday and they gave back 1.9% in their start to the trading week on Tuesday.
Silver for December delivery gained 12.1 cents, or 0.5%, to finish at $24.177 an ounce. Silver futures traded between $23.86 and $24.36. They declined 1.3% on Wednesday and they fell 1.7% on Tuesday.
In other precious metals futures:
-
October platinum dipped $1.60, or 0.2%, to $974.50 an ounce, ranging from $967.30 to $984.60.
- Palladium for December delivery fell $94.50, or 4.2%, to $2,142.80 an ounce, trading between $2,136 and $2,267.50.
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 | June | July | August | This Week / September | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 11,500 | 158,000 | 49,500 | 112,000 | 9,500 | 755,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 15,000 | 10,000 | 21,000 | 0 | 77,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 28,000 | 30,000 | 0 | 34,000 | 0 | 120,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 90,000 | 40,000 | 50,000 | 5,000 | 335,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,500 | 27,500 | 14,500 | 27,500 | 8,000 | 243,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 750,000 | 2,800,000 | 3,104,000 | 3,930,000 | 750,000 | 23,690,500 |
| $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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