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:
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)|
|$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|