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 |
