Silver gained while gold, silver and platinum declined on Thursday. Gold’s loss was its first in six sessions, and after logging successive nine-month settlement highs.
Gold for February delivery shed $12.60, or 0.7%, to settle at $1,930 an ounce on the Comex division of the New York Mercantile Exchange.
"More routine profit-taking pressure was featured in the futures market following recent gains that saw gold prices poke to a nine-month high overnight. A higher U.S. dollar index and rising U.S. Treasury yields were bearish outside market forces for the precious metals markets on this day," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,918.40 and $1,949.80. They rose 0.4% on Wednesday, for their highest settlement since April 21, they gained 0.4% on Tuesday and they edged 0.02% higher on Monday.
Silver for March delivery added 7.9 cents, or 0.3%, to end at $24.02 an ounce. Silver futures ranged from $23.69 and $24.42. They climbed 0.8% on Wednesday and on Tuesday, and they fell 1.6% on Monday.
In other precious metals prices on Thursday:
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April platinum fell $23.10, or 2.2%, to $1,023 an ounce, trading between $1,021.30 and $1,050.40.
- Palladium for March delivery declined $24.10, or 1.4%, to $1,663.80 an ounce, ranging from $1,660 to $1,704.
US Mint Bullion Sales in 2023
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 | November | December | 2022 Sales | Last Week | This Week | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 6,000 | 4,000 | 850,000 | 11,000 | 3,500 | 104,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 75,000 | 1,000 | 0 | 35,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 140,000 | 2,000 | 0 | 52,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 575,000 | 0 | 0 | 115,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,500 | 0 | 410,000 | 500 | 9,000 | 53,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 1,407,000 | 59,000 | 15,963,500 | 500,000 | 0 | 3,949,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 80,000 | 0 | 0 | 0 |
