Precious metals advanced Thursday. Platinum logged a solid increase while palladium surged. Gains for gold and silver were more modest.
Gold for April delivery settled up $13.60, or 0.7%, to $1,935.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices are moderately higher in midday U.S. trading Thursday, on continued safe-haven demand as risk appetite remains squelched by the Russia-Ukraine geopolitical situation," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
"Risk aversion remains elevated amid the Russia-Ukraine war that has intensified. Crude oil and grain prices are soaring and that’s also stoking inflation fears."
Gold futures traded between $1,923.10 and $1,941.40. They shed 1.1% on Wednesday, they jumped 2.3% on Tuesday, for their highest settlement since Jan. 5, 2021, and they rose 0.7% on Monday.
Silver for May delivery edged up 2.2 cents, or 0.09%, to settle at $25.212 an ounce. Silver futures ranged from $25.07 to $25.67. They lost 1.4% on Wednesday, they soared 4.8% on Tuesday, for their best close since Aug. 3, and they climbed 1.5% on Monday.
In other precious metals futures prices on Thursday:
-
April platinum added $12.80, or 1.2%, to $1,080.80 an ounce, trading between $1,069.70 and $1,095.50.
- Palladium for June delivery added $65.90, or 2.5%, to $2,730.80 an ounce, ranging from $2,619 to $2,786.
US Mint Bullion Sales in 2022
Published U.S. Mint bullion sales increased for Thursday by 8,500 ounces in American Gold Eagles, by 5,000 ounces in American Gold Buffalos, and by 4,700 ounces in American Platinum Eagles.
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 / March | Last Week | This Week | January | February | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 8,500 | 35,500 | 27,500 | 123,500 | 86,000 | 218,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 45,000 | 0 | 45,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 0 | 64,000 | 4,000 | 68,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 10,000 | 0 | 195,000 | 25,000 | 220,000 |
| $50 American Buffalo 1 Oz Gold Coin | 5,000 | 10,000 | 11,500 | 61,500 | 28,500* | 95,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 519,500 | 0 | 5,001,000 | 1,500,000 | 6,501,000 |
| $100 American Eagle 1 Oz Platinum Coin | 4,700 | 25,800 | 4,700 | N/A | 25,800 | 30,500 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 |
*The U.S. Mint on March 3 published adjusted February American Gold Buffalo sales. Their total moved up 2,000 ounces to 28,500 ounces.
It’s now Nuclear – Last chance for Gold and Silver to shine or the final demise
SENZA, have you been playing Duke Nukem lately?
Rich,
Only in 3D
Kaleefornia now Commifornia I believe
Those Government businesses can’t fail just ask any owner of a liquor store or strip club in fact most of them were deemed essential businesses – US Government taking care of it’s Comrades or Commirades. They probably serve Butt nuggets fresh from the Colonel
Calamity Jane and Typhoid Mary!
He does look Insane – however he did say he was just following the orders of the “Committee” I heard some chatter – Ukraine Sniper Eliminates Top Putin General
Refugees fleeing Ukraine represent the largest mass population movement in Europe since WWII
It’s terrible and disgraceful – I’m glad to see so many young people leaving the military after being sabotaged by sleepy murdering Joe in Afghanistan…..
Yes Sir Kaiser,
Desert Farce started it all – Kill human beings for Oil starting with the original GB POS
And some more modern but memorable https://www.youtube.com/watch?v=uAE6Il6OTcs
That was a border-war most people probably don’t even know about that one – wasn’t our response Susan B Anthony Coin 🙁
OK https://www.youtube.com/watch?v=LQUXuQ6Zd9w
Eerie Precursor https://www.youtube.com/watch?v=gp5JCrSXkJY
War is Hell Kaiser,
That was my conveyance
Here is Albert Einstein’s speculation: “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones“.
I’m actually building a new computer and it’s been slow, painful and costly but the real disaster was the Crytpo Mining it did a 1000 times more damage than the Plandemic and Fake Scarcity
The Code is Red sleep is forbidden
Gold and silver prices keep rising. My precious, my precious. I’m glad I bought while the values were lower.
Antonio, always Buy Low!
As in Doobie Brothers – Cotton Mouth inspired terminology…
Rich and Kaiser,
I have only one suggestion TURN THIS S… UP LOUD https://www.youtube.com/watch?v=CHmJlGeYkGY
It’s not the same as the Plandemic – I was getting $349.00 per 1 ounce Bar of PAMP Fortuna now everyone is broke – no Stimies and no Unemployment Plus States are coming back on people and asking them to repay the Unemployment – So many people think when a Government starts Civil War it has to be with a gunshot but it’s robbery and taxation this time.
SENZA, were those 1 ounce bars of Osmium?
As sparkling as the OZ is, no and it wasn’t a brick of Red hashish either just one beautiful ounce of .999999999999999999999999 PAMP and that amazing Coin Lady
“Little Debbie Has A Snack For You”
This is what I’m seeing and her name is Debbie it may all appear different in the morning
Not to worry, Sir Kaiser, I don’t know either.