Palladium edged lower on Thursday, for a fifth straight loss, while other precious metals rose modestly. Gains in gold and silver were their first in five sessions. Platinum, meanwhile, snapped a six-session losing streak.
U.S. markets are closed Thursday for the Thanksgiving holiday.
For the day, gold for December delivery edged up 50 cents, or less than 0.1%, to close at $1,784.30 an ounce on the Comex division of the New York Mercantile Exchange.
"Bulls still have the slight overall near-term technical advantage but have faded badly this week and need to show fresh power soon to keep their edge. A seven-week-old uptrend on the daily bar chart has stalled out," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,777.40 to a high of $1,796.20. They lost 1.3% on Tuesday, marking their lowest settlement since Nov. 3, and they fell 2.5% on Monday.
Silver for December delivery climbed 6.1 cents, or 0.3%, to settle at $23.496 an ounce. Silver futures traded between $23.40 and $23.70. They sank 3.6% on Tuesday, for their weakest finish since Nov. 3, and they dropped 2% on Monday.
In PGM futures on Wednesday:
January platinum added $11.10, or 1.2%, to $975.30 an ounce, ranging from $965.30 to $984.70.
- Palladium for December delivery dipped $2.40, or 0.1%, to $1,847.90 an ounce, trading between $1,835 and $1,909.
US Mint Bullion Sales in 2021
Published U.S. Mint bullion sales were unchanged on Wednesday. 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)|
|Wednesday / This Week||Last Week||September||October||November||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||29,500||67,500||135,500||73,000||1,022,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||4,000||7,000||6,000||94,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||8,000||22,000||6,000||156,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||10,000||35,000||85,000||35,000||485,000|
|$50 American Buffalo 1 Oz Gold Coin||0||11,000||24,000||41,000||26,500||327,000|
|$1 American Eagle 1 Oz Silver Coin||0||524,500||2,735,000||1,076,000||999,000||27,750,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||75,000|
|$25 American Eagle 1 Oz Palladium Coin||0||0||0||0||8,700||8,700|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||52,900|