Gold Ends Thursday, Dec. 30, at 6-Week High

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Precious metals divided Thursday with gold and silver rising slightly and platinum and palladium falling modestly. Gold’s gain was enough to establish a six-week settlement high.

Gold for February delivery tacked on $8.30, or 0.5%, to settle at $1,814.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 19 when gold ended at $1,851.60 an ounce.

"We’re in an extremely low-volume holiday-type trading. I think gold is comfortable right around either side of $1,800," Reuters quoted Phillip Streible, chief market strategist at Blue Line Futures in Chicago.

Gold futures traded between $1,796.20 and $1,815.30. They shed 0.3% on Wednesday, they rose 0.1% on Tuesday, and they dipped 0.2% on Monday.

Silver for March delivery rose 20.2 cents, or 0.9%, to close at $23.06 an ounce. Silver prices ranged from $22.63 to $23.15. They fell 1.1% on Wednesday, they gained 0.6% on Tuesday, for their highest settlement since Nov. 24, and they edged 0.2% higher on Monday.

In other precious metals futures prices on Thursday:

  • April platinum lost $5.40, or 0.6%, to $964.60 an ounce, trading between $958 and $973.40.

  • Palladium for March delivery dipped $3.80, or 0.2%, to $1,983.20 an ounce, ranging from $1,949.50 to $2,017.50.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged on Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Thursday / This Week Last Week October November December 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 135,500 125,500 41,000 1,115,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 7,000 6,000 1,000 95,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 22,000 10,000 2,000 162,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 85,000 40,000 0 490,000
$50 American Buffalo 1 Oz Gold Coin 0 0 41,000 39,500 10,500 350,500
$1 American Eagle 1 Oz Silver Coin* 0 0 1,076,000 1,523,500 0 28,275,000
$100 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 75,000
$25 American Eagle 1 Oz Palladium Coin* 0 0 0 8,700 0 8,700
Tuskegee Airmen 5 oz Silver Coin* 0 0 0 0 0 52,900

 

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Rich

Yeah, it must be a raw ride, harder for traders than investors.

Rich

Indeed, Sir Kaiser, there is a big difference between playing with Other People’s Money (OPM) and having your own skin in the game, and being an Armchair Quarterback.