In precious metals trading Thursday, platinum’s price increased while prices for gold, silver and palladium declined.
Falling from a six-week high, gold for April delivery gave back $8.30, or 0.4%, to settle at $1,923 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are weaker in midday early U.S. trading Thursday, on profit-taking and corrective pullbacks after both metals scored five-week highs Wednesday. Veteran market watchers would deem the pauses as being actually healthy for the fledling price uptrends in gold and silver to continue,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,911.50 and $1,938. They tacked on 1.1% on Wednesday, registering their highest finish since Feb. 1, they shed 0.3% on Tuesday, and they gained 2.5% on Monday.
Silver for May delivery slipped 19 cents, or 0.9%, to close at $21.692 an ounce. Silver futures ranged from $21.59 to $22.21. They fell 0.7% on Wednesday, they rose 0.5% on Tuesday, registering their highest close since Feb. 10, and they soared 6.9% on Monday.
In other precious metals prices on Thursday:
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April platinum rose $6.80, or 0.7%, to $977.10 an ounce, trading between $965.10 and $983.90.
- Palladium for June delivery declined $35.50, or 2.5%, to $1,409.30 an ounce, ranging from $1,403.50 to $1,470.50.
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 | Last Week | This Week | January Sales | February | March | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 10,500 | 39,500 | 118,000 | 41,500 | 50,000 | 209,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 0 | 37,000 | 8,000 | 1,000 | 46,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 8,000 | 62,000 | 12,000 | 10,000 | 84,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 10,000 | 0 | 115,000 | 85,000 | 10,000 | 210,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,500 | 14,500 | 59,000 | 19,500 | 19,000 | 97,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 450,000 | 0 | 3,949,000 | 900,000 | 450,000 | 5,299,000 |
