While prices for platinum declined on Thursday, they increased for gold, silver and palladium. Notably, silver reached a near 14-month high and topped $26 an ounce, while gold scored its second best settlement ever.
Gold for June delivery rose by $18.70, or 0.9%, to finish at $2,055.70 an ounce on the Comex division of the New York Mercantile. The settlement is the highest since Aug. 6, 2020, when gold ended at a record $2,069.40 an ounce.
“The same flight to safety buying that pushed us over $2,000 is still in this market,” Reuters quoted Bob Haberkorn, senior market strategist at RJO Futures.
Gold futures traded between $2,038.50 and $2,085.40, after increasing by 0.7% on Wednesday, rising by 1.6% on Tuesday, and shedding 0.4% on Monday.
Silver for July delivery tacked on 54.6 cents, or 2.1%, to close at $26.227 an ounce, which marks the highest settlement since March 10, 2022, when silver ended at $26.256 an ounce.
Silver futures fluctuated between $25.70 and $26.35 on Thursday, following a 0.2% increase on Wednesday, a 1.5% gain on Tuesday, and a slight increase of 0.02% on Monday.
In other precious metals prices:
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July platinum fell by $11.50, or 1.1%, to $1,050.30 an ounce, trading between $1,042.70 and $1,073.80.
- Palladium for June delivery rose by $24.80, or 1.8%, to $1,441.60, ranging from $1,407 to $1,453.
US Mint Bullion Sales in 2023
So far this week, the U.S. Mint has reported no change in bullion sales. 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 / Week | Last Week | February | March | April | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 37,000 | 41,500 | 211,000 | 159,000 | 529,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 8,000 | 1,000 | 8,000 | 54,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 12,000 | 10,000 | 12,000 | 96,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 85,000 | 10,000 | 35,000 | 245,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,000 | 19,500 | 73,000 | 61,000 | 212,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 900,000 | 900,000 | 900,000 | 6,649,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | N/A | 7,500 | 500 | 8,000 |
