Precious metals climbed Thursday, registering increases ranging from 0.5% for platinum to 1.8% for palladium. Gains in gold, platinum and palladium were their first in three sessions. Silver, meanwhile, snapped a four-session losing streak.
Gold for June delivery rose $14.70, or 0.8%, to settle at $1,937.80 an ounce on the Comex division of the New York Mercantile Exchange.
Gold and silver prices were ‘Lifted by bullish outside market forces on this day that include a dip in U.S. Treasury yields and a sell off in U.S. stock indexes. A drop in crypto currencies late this week is also likely benefiting the gold and silver market bulls," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,923.30 and $1,941.70. They dipped 0.2% on Wednesday, for their lowest finish since March 29, they shed 0.3% on Tuesday, and they edged 0.5% higher on Monday.
Silver for May delivery tacked on 27.7 cents, or 1.1%, to end at $24.735 an ounce. Silver prices ranged from $24.33 to $24.78. They declined 0.3% on Wednesday, for their lowest settlement since Feb. 28, they lost 0.2% on Tuesday, and they dipped 0.3% on Monday.
In other precious metals prices on Thursday:
July platinum added $4.90 to $958 an ounce, trading between $941.40 and $965.
- Palladium for June delivery advanced $38.40 to $2,223.10 an ounce, ranging from $2,182 to $2,273.50.
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||January||February||March||This Week / April||2022 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||19,000||123,500||86,000||140,500||21,500||371,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||45,000||0||5,000||1,000||51,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||64,000||4,000||20,000||6,000||94,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||195,000||25,000||75,000||25,000||320,000|
|$50 American Buffalo 1 Oz Gold Coin||0||11,000||61,500||28,500||64,500||7,000||161,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||5,001,000||1,500,000||1,080,500||425,000||8,006,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||N/A||25,800||14,200||0||40,000|
|$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|