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:
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|