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

4

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

 

Subscribe
Notify of
guest
4 Comments
Inline Feedbacks
View all comments
Kaiser Wilhelm

Holy cow, but is Palladium ever volatile! Must be hard to ride with that precious metal.

The Cool Greats.jpg
Rich

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

Kaiser Wilhelm

Rich,

Doesn’t it take some of the sting out of it for traders to know it’s not their own money they’re “playing” with while for the investors it’s their own cash at stake?

maxresdefault.jpg
Last edited 16 days ago by Kaiser Wilhelm
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.