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:
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|