Gold, silver and platinum rose on Thursday after falling on Wednesday. Palladium also gained on the day, driving its winning streak to four in a row.
Gold for August delivery advanced $13.20, or 0.8%, to settle at $1,713.40 an ounce on the Comex division of the New York Mercantile Exchange.
“Gold remains caught between elevated inflation, growing concerns over a recession and a flight to quality on the one hand, but sharp rate hikes, a strong USD and seasonally weak demand on the other,” Reuters quoted Standard Chartered analyst Suki Cooper.
Gold futures traded between $1,678.40 and $1,717.70. They declined 0.6% on Wednesday, ending the day at their lowest price since March 30, 2021, they edged up 0.03% on Tuesday, and they climbed 0.4% on Monday.
Silver for September delivery rose 5.1 cents, or 0.3%, to settle at $18.719 an ounce. Silver futures ranged from $18.12 to $18.75. They lost 0.2% on Wednesday, they shed 0.7% on Tuesday, and they moved up 1.3% on Monday.
In other precious metals futures on Thursday:
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October platinum added $12.20, or 1.4%, to $858.70 an ounce, trading between $831.10 and $862.90.
- Palladium for September delivery added $15.10, or 0.8%, to $1,876.70 an ounce, ranging from $1,832 to $1,883.50.
US Mint Bullion Sales in 2022
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.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Thursday / This Week | Last Week | May | June | July | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 18,000 | 164,500 | 31,000 | 33,000 | 659,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 7,000 | 6,000 | 3,000 | 69,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 8,000 | 18,000 | 2,000 | 130,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 50,000 | 135,000 | 5,000 | 510,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 14,000 | 56,000 | 21,500 | 23,000 | 282,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 425,000 | 1,350,000 | 925,000 | 425,000 | 11,131,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 1,000 | 0 | 23,500 | 15,000 | 78,500 |
