Gold Logs Third Straight Gain and New One-Month High

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Precious metals climbed together for a second straight session Thursday. Silver marked a one-month high. Gold actually registered its third gain in a row and a new, one-month settlement high.

Gold for December delivery rose $3.20, or 0.2%, to settle at $1,797.90 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since Sept. 14.

"Gold and silver prices are higher in midday U.S. trading Thursday and hit four-week highs. The metals are being propelled up by improving near-term chart postures and lingering concerns about rising and even problematic price inflation," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,787.60 to a high of $1,801.90. They gained 2% on Wednesday, they rose 0.2% on Tuesday, and they dipped 0.1% on Monday.

Silver for December delivery added 30.7 cents, or 1.3%, to close at $23.477 an ounce. The settlement was the highest since Sept. 15. Silver futures traded between $22.92 and $23.55. They jumped 2.9% on Wednesday, they fell 0.7% on Tuesday, and they shed 0.2% on Monday.

In other precious metals futures prices Thursday:

  • January platinum rose $28.10, or 2.7%, to $1,052.30 an ounce, ranging from $1,015 to $1,057.50.

  • Palladium for December delivery added $44.80, or 2.1%, to $2,150.90 an ounce, trading between $2,079.50 and $2,205.50.

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 This Week August September October 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 81,500 11,000 112,000 67,500 92,500 906,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 21,000 4,000 0 81,000
$10 American Eagle 1/4 Oz Gold Coin 0 4,000 0 34,000 8,000 4,000 132,000
$5 American Eagle 1/10 Oz Gold Coin 0 20,000 5,000 50,000 35,000 25,000 390,000
$50 American Buffalo 1 Oz Gold Coin 0 12,500 20,000 27,500 24,000 32,500 292,000
$1 American Eagle 1 Oz Silver Coin 0 500,000 0 3,930,000 2,735,000 500,000 26,175,500
$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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Rich

CoinNews Editor (Mr. Unser),
Regarding the 2021 US Mint Bullion Sales (# of coins) being reported for the 2021 sales totals of the $50 (1 Oz), $25 (1/2 Oz), $10 (1/4 Oz) and $5 (1/10 Oz) American Eagle Gold coins, do you have supplemental data for these sales totals broken down by Type 1 and Type 2 (similar to the 2021 Proof American Gold Eagle coins’ sales figures)?