On Thursday, the price of palladium declined, while the prices of gold, silver, and platinum increased, recording gains ranging from less than 0.1% for silver to 0.6% for gold.
Gold for June delivery rose by $11.80 to settle at $2,019.10 an ounce on the Comex division of the New York Mercantile Exchange.
"The precious metals bulls have stabilized their two markets after recent selling pressure. A weaker U.S. dollar index and a decline U.S. Treasury yields today are working in favor of the metals market bulls," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
After losing 0.6% on Wednesday, rising 0.6% on Tuesday, and dropping 0.4% on Monday, gold futures traded today within a range of $2,002.20 to $2,024.20. Notably, last Thursday, gold achieved its highest closing level since August 6, 2020, finishing at $2,055.30 an ounce.
Meanwhile, silver for May delivery edged up 2 cents, or 0.01%, to settle at $25.373 an ounce, following a 0.4% gain on Wednesday, a 0.7% increase on Tuesday, and a 1.5% decrease on Monday. Silver futures ranged from $25.15 to $25.59. Last Thursday, silver ended at $25.925 an ounce, its highest closing price since April 18, 2022.
In other precious metals futures prices on Thursday:
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July platinum added $1.90, or 0.2%, to $1,107.60 an ounce, trading between $1,094.54 and $1,112.50.
- Palladium for June delivery declined $30.10, or 1.9%, to $1,588.70 an ounce, ranging from $1,575.50 to $1,628.
US Mint Bullion Sales in 2023
U.S. Mint published bullion sales were unchanged on Thursday. The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold during different time periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Thursday / This Week | Last Week | January Sales | February | March | April | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 56,500 | 118,000 | 41,500 | 211,000 | 74,500 | 445,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 37,000 | 8,000 | 1,000 | 8,000 | 54,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 62,000 | 12,000 | 10,000 | 10,000 | 94,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 10,000 | 115,000 | 85,000 | 10,000 | 30,000 | 240,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 25,500 | 59,000 | 19,500 | 73,000 | 35,000 | 186,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 3,949,000 | 900,000 | 900,000 | 450,000 | 6,199,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | N/A | N/A | 7,500 | 500 | 8,000 |
