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|