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|