Gold, silver and platinum fell together for a fourth straight session on Thursday, while palladium broke its trend and climbed for the first time since last Thursday. Both gold and silver ended at just over three-week lows.
Gold for December delivery settled down $5.50, or 0.3%, to $1,771.20 an ounce on the Comex division of the New York Mercantile Exchange. The close was the lowest since July 28.
"Gold and silver prices are modestly lower in midday U.S. trading Thursday, pressured by solid gains in the U.S. dollar index today. Losses in the metals are limited by gains in the crude oil market today," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,768.80 and $1,786.30. They declined 0.7% on Wednesday, they shed 0.5% on Tuesday, and they fell 1% on Monday.
Silver for September delivery turned down 26.7 cents, or 1.4%, to settle at $19.464 an ounce. The settlement remained silver’s weakest since July 27. Silver futures ranged from $19.41 to $19.89. They lost 1.8% on Wednesday, they gave back 0.9% on Tuesday, and they dropped 2.1% on Monday.
In other precious metals futures prices on Thursday:
October platinum declined $14.40, or 1.6%, to $904.90 an ounce, trading between $903.20 and $928.70.
- Palladium for September delivery rose $12.70, or 0.6%, to $2,149.40 an ounce, ranging from $2,129 and $2,185.
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||Last Week||This Week||May||June||July||August||2022 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||21,000||6,000||164,500||31,000||59,500||27,000||712,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||7,000||6,000||5,000||1,000||72,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||8,000||18,000||2,000||2,000||132,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||15,000||0||50,000||135,000||20,000||15,000||540,000|
|$50 American Buffalo 1 Oz Gold Coin||0||6,500||4,500||56,000||21,500||39,500||11,000||310,000|
|$1 American Eagle 1 Oz Silver Coin||0||408,000||17,000||1,350,000||925,000||850,000||425,000||11,981,500|
|$100 American Eagle 1 Oz Platinum Coin||0||1,000||0||0||23,500||15,500||1,000||80,000|