Gold Marks 8.5-Month High and Ends Above $1,900


Precious metals gained for a second session in a row on Thursday. Gold’s advance was its ninth in ten sessions. The precious metal also ended at an 8.5-month high.

Gold for April delivery tacked on $30.50, or 1.6%, to settle at $1,902 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since June 2 when gold ended at $1,909.90 an ounce.

"Safe-haven demand is featured as reports say a Russian invasion of Ukraine is ‘imminent’. Silver prices are moderately up, but not yet catching the strong safe-haven bid that is gold,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,869.70 and $1,904. They gained 0.8% on Wednesday, they shed 0.7% on Tuesday, and they climbed 1.5% on Monday.

Silver for March delivery added 27 cents, or 1.1%, to $23.875 an ounce. The close was the highest since Jan. 25 when silver finished at $23.896 an ounce. Silver futures ranged from $23.44 to $23.93. They advanced 1.1% on Wednesday, they fell 2.1% on Tuesday, and they surged 2.1% on Monday.

In other precious metals Thursday:

  • April platinum moved up $29, or 2.7%, to $1,092.70 an ounce, trading between $1,057.80 and $1,096.20.

  • Palladium for March delivery surged $87.50, or 3.9%, to $2,359.10 an ounce, ranging from $2,270.50 to $2,420.

US Mint Bullion Sales in 2022

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 December January February 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 21,000 10,500 41,000 123,500 31,500 155,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 45,000 0 45,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 2,000 64,000 2,000 66,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 5,000 0 195,000 15,000 210,000
$50 American Buffalo 1 Oz Gold Coin 0 5,500 6,500 10,500 61,500 12,000 73,500
$1 American Eagle 1 Oz Silver Coin 0 500,000 480,500 0 5,001,000 980,500 5,981,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 0 0
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0 0
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 0 0


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George Wolfe

Dow down 600, gold up $30,oil over $90 a barrel !


Bitcoin down -$3,500 !!


Not to mention it’s toll on people’s lives. Some recent reports from yesterday: “‘Crypto Ruined My Life’: The Mental Health Crisis Hitting Bitcoin Investors” and “The crypto craze is spawning a new niche in psychology: therapy for crypto addicts.” The stress and anxiety that goes with funneling your life savings into a volatile market is no joke.


Sir Kaiser, apparently some people would prefer to not talk about inflation. Recently when a person was asked about inflation on NBC he responded by telling the interviewer, Lester Holt, he was being a wise guy!


Inflation is a can of worms that many fish don’t understand


Sir Kaiser, Thank you for your genuine insights and comments (above and below), I couldn’t agree more. Two topics I try to stay away from are Politics and Religion because everyone has their own opinion. I did not want to reveal the name of the person in the quote I referenced above because it would appear political, but now I regret doing so and misleading people. So to set the record straight, here is the original reference: When the President was asked about inflation on NBC he responded by telling the interviewer, Lester Holt, he was being a wise guy!… Read more »