In precious metals Thursday, prices for gold and palladium declined while those for silver and platinum climbed — modestly. Silver’s increase was its sixth in a row.
Down following two straight gains, gold for December delivery dipped $3.60, or 0.2%, to settle at $1,665.60 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, the gold futures bears have the firm overall near-term technical advantage. However, more price gains in the near term would form a bullish double-bottom reversal pattern on the daily bar chart, to suggest a market bottom is in place. Bulls’ next upside price objective is to produce a close above solid resistance at $1,700.00,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,658.50 and $1,674.80. They advanced 0.7% on Wednesday, for their best finish since Oct. 13, they edged up 0.2% on Tuesday, and they slipped 0.1% on Monday.
Silver for December delivery inched up 0.8 cents, or 0.04%, to close at $19.494 an ounce. The settlement was the highest since Oct. 10. Silver futures ranged from $19.25 to $19.66. They added 0.7% on Wednesday, rose 0.8% on Tuesday and they gained 0.7% on Monday.
In other precious metals prices on Thursday:
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January platinum gained $4.90, or 0.5%, to $967.40 an ounce, trading between $948.30 and $974.10.
- Palladium for December delivery fell $22.30, or 1.1%, to $1,938.20 an ounce, ranging from $1,904 to $1,992.50.
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 | June | July | August | September | October | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 31,000 | 59,500 | 47,500 | 47,500 | 54,500 | 835,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 6,000 | 5,000 | 2,000 | 0 | 1,000 | 74,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 18,000 | 2,000 | 4,000 | 4,000 | 2,000 | 140,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 135,000 | 20,000 | 20,000 | 15,000 | 15,000 | 575,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 21,500 | 39,500 | 22,500 | 44,500 | 32,500 | 398,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 925,000 | 850,000 | 850,000 | 833,000 | 850,000 | 14,089,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 23,500 | 15,500 | 1,000 | 0 | 0 | 80,000 |
