Silver edged lower on Thursday while gold, silver and palladium moved ahead. Gold ended above $1,800 an ounce for the first time since scoring a six-week high on Monday.
Gold for December delivery rose $3.80, or 0.2%, to settle at $1,802.60 an ounce on the Comex division of the New York Mercantile Exchange.
"Solid losses in the U.S. dollar index today are prompting some buying interest in the precious metals markets. A U.S. GDP report that was downbeat and which fell into the camp of the U.S. monetary policy doves, who want the Federal Reserve to hold off on tapering its monetary policy stimulus, was also friendly for the metals markets today," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low $1,793.10 to a high of $1,812.70. They gained 0.3% on Wednesday, they lost 0.7% on Tuesday, and they climbed 0.6% on Monday for their highest settlement since Sept. 14.
Silver for December delivery shed 7.1 cents, or 0.3%, to close at $24.12 an ounce. Silver futures traded between $24.02 and $24.31. They added 0.4% on Wednesday, they fell 2.1% on Tuesday, and they rose 0.6% on Monday for their best finish since Sept. 3.
In other precious metals futures on Thursday:
January platinum rose $4.60, or 0.5%, to $1,023.90 an ounce, ranging from $1,008.90 to $1,022.90.
- Palladium for December delivery tacked on $15.10, or 0.8%, to $1,989.40 an ounce, trading between $1,951.50 and $2,011.
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||21,000||17,500||112,000||67,500||132,000||945,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||3,000||4,000||21,000||4,000||7,000||88,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||8,000||10,000||34,000||8,000||22,000||150,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||30,000||30,000||50,000||35,000||85,000||450,000|
|$50 American Buffalo 1 Oz Gold Coin||0||4,000||2,000||27,500||24,000||38,500||298,000|
|$1 American Eagle 1 Oz Silver Coin||0||576,000||0||3,930,000||2,735,000||1,076,000||26,751,500|
|$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|