Aside from platinum, prices for precious metals declined on Thursday, led by a near 3% drop in palladium. While gold slipped for the first time in five sessions and from a two-week high, its loss was very slight.
Gold for December delivery shed $1, or less than 0.1%, to settle at $1,947.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Traders are awaiting the marketplace event of the week, if not the month: the annual Federal Reserve symposium held in Jackson Hole, Wyoming," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note. "This meeting usually produces some market-sensitive news from world central bankers’ comments, including Fed Chair Jerome Powell."
The Federal Reserve is conducting its yearly symposium in Jackson Hole, Wyoming, spanning from Aug. 24 to Aug. 26.
Gold futures traded between $1,939.20 and $1,951.30. They advanced 1.2% on Wednesday, marking their highest settlement since Aug. 10, they rose by 0.2% on Tuesday, and they increased by 0.3% on Monday.
Falling for the first time in six sessions, and after closing at the highest price since July 31, silver for September retraced by 16.2 cents, or 0.7%, to end at $24.23 an ounce. Throughout the day, silver prices ranged from $24.11 to $24.42, following a 4% surge on Wednesday, a 0.5% rise on Tuesday, and a 2.7% jump on Monday.
In other precious metals prices on Thursday:
-
October platinum added $4.80, or 0.5%, to $943 an ounce, trading between $930.10 and $948.
- Palladium for September delivery declined by $36.80, or 2.9%, to $1,244.60 an ounce, ranging from $1,232 to $1,288.50.
US Mint Bullion Sales in 2023
Published U.S. Mint bullion sales were unchanged on Tuesday, Wednesday, and Thursday. On Monday, they increased by 36,500 ounces in American Gold Eagles, 756,000 ounces in American Silver Eagles, and 8,000 ounces in American Gold Buffalos.
The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold (not total ounces) during different time periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Thursday | Last Week | This Week | June | July | August | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 8,000 | 36,500 | 35,000 | 41,000 | 52,500 | 719,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 0 | 2,000 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 4,000 | 0 | 2,000 | 134,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 0 | 60,000 | 0 | 60,000 | 445,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 11,500 | 8,000 | 17,000 | 16,500 | 19,500 | 312,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 760,000 | 756,000 | 1,482,000 | 209,100,000 | 2,339,000 | 14,154,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 3,500 | 0 | 0 | 12,700 |
Fake news. Trump’s gold toilet was seen moving from Jersey to Fulton County prison.
Are secret papers the toilet paper he uses?
They will either be recycled as part of the new green deal into n95 masks so we don’t die from election fueled gatherings, or they’ll be turned into Mail in ballots with the poop stains marking biden as the choice to make sure vote counts as what dems thunk Republicans really want. But hey, like I’ve always said how bad can they be if George Washington, Abraham Lincoln and JFK voted for them. Who am I to argue great minds.
Yes. It makes perfect sense. Ya gotta learn the lingo man. Get with the times. Broaden your horizons. Build it, it’ll come. Stroke it, it’ll probably come much faster. I don’t make the rules.
D & C, Trump paid his $200,000 bail at the Atlanta bail bondsman company with gold American Eagle coins he stole from Ft. Knox…his arrest mug shot is priceless & he is already selling 3×5 wallet-size copies of it for only $9.95 to pay for his lawyers since as a supposed billionaire he has been using his campaign donations for numerous legal bills this year. His Georgia state jail inmate number is P01135809. If you see him in the wild, as a 91 felony charges, 4-time arrested, private citizen, with a demonic mug shot, approach carefully & hold on tight… Read more »
Kaiser,
If Trump was smart, he would move to Fiji…
NumisdudeTX
Kaiser,
Fiji loves doing business with grifters like Mike Mezack & Donald Trump…all aboard the next grifters cruise…a 3-hour tour…
NumisdudeTX
No worries, got $500 anacs graded mugshot. Could’ve gotten signed home alone script from the star for additional $1000. Professionally mounted in red oak frame. His inmate number is 24k#45447 (45 for 47). Cell mate with biden, also theft. Stole election. But that frame made in China and 10% big guy in big house service fee. And nope. Didn’t watch debate or Tucker. The way I see it, doesn’t matter what side wins or who or both or all go to jail. We screwed. And half the country mad at the other half. Need those 87,000 irs agents quick, so… Read more »
I’ll use my frequent felon miles to fund this trip. Eating chalupas with Juan Guzman. El guapo con El chapo.
A parade of vettes. Dems love those parades
Ya know. If biden was smart, now would be the time to send spec ops to Russia wearing Wagner uniform. Instead don’t be surprised if he sends a protection unit to ensure democracy and that he receives a fair trial. Huh. Wonder if he testifies against trump if he’ll get a sweetheart deal like hunter.
You do realise all that Trump Russia Trump Russia Russia Russia was just bullsh*t propaganda put out for the brain-dead populous of our country. I literally have no idea what Putin would be testifying about…gossip?
But the pee tape? And Hillary? But, press pause, new distraction, did he fake death, did putin do em in? Was it his double? Why heads are not attach to body. Can’t use black box data cuz that’s Ray sis. Forever a mystery, conspiracy. Nope. Got it. Biden hunter and prizonguy or whatever his name playing spades with Tupac in lake Tahoe. Elvis was busy. You think that’s bad. Wait till Nascar fans find out they gotta go electric. And 2 beer limit. Can I buy your unused beers? Plants feel pain. You don’t wanna drink that beer. That wheat… Read more »
Ya big silly. How can you steal an election if you already paid for it.
Cheques in the mail.
I do find it funny that of the 19, only 2 were black. Of the 19 only 1 is still in jail no bond. Judge said nope. Guess who that 1 person was.
All the silver gonna be used as antibacterial after the world glowing. But I’d wait til after Jan 1st. That’s when the other countries enter brick officially. Then paper contracts can be called to collect. Palladium and platinum gonna replace silver. Most likely in tech and mil spec vehicles. Hope our battery powered military vehicles up to snuff. In the meantime I’m gonna start looking for a big stick. We already got whispers. But bright side. Not many mint buyers if the shtf. So maybe smaller mintage. Let’s see how long we get clad silver coins or skinny oz ones.
Kaiser,
The nightmare is Trump’s jail arrest mug shot…he looks like a deranged, homicidal clown with a bad toupee! I will be scared till he is behind bars!
NumisdudeTX
I was thinking a cross between an oompaloompa and the grinch
D & C,
Add an Orangutan in there and you have the right genetic match! Lol.
NumisdudeTX
If it’s so frowned upon to compare one type of person to a primate, it shouldn’t be the norm to do so to trump. Mainly because it’s wrong to insult orangutan. Right turn Clyde
Unions are bad. Tmobile 5,000 layoffs. Al bundy was the best grinch with maybe Archie bunker second (or do you prefer america’s dad… bill “puddin pop” Cosby for affirmative action reasons). And again… right turn Clyde
Oomoaloompa promoted obesity. Showcases entitlement. Covered up all the crime scenes (and sang while they did it). They were in a cult, similar to scientology, Tom cruise made the PBS video. Also they didn’t wear hairnets which is an obvious healthcode violation. However they were much better behaved than the wicked witch of the west (Pelosi? ) pets in Oz. (The dream land on other side of rainbow (unicorn fart), not the prison from tv)) also, in case you are new, the sopranos wasn’t a real mob family. Stop calling the police.
Waiting for the farmers to use it to scare off the crows.
Hi ho silver, away. Who was that covid masked man. Or am I mixing that reference with Zorro. If all those refugees are like Zorro, or look like Salma Hayek by all means let em in.
If you don’t know who the got aways are, how do you know what they represent? Plead the 5th means guilty I think. Running means guilty. I don’t even know what to call the current situation, clusterfug. Or very determined.
Speaking of. Since the plane incident, is it good or bad to root for Wagner to take Moscow? On one hand you have a pseudo glory days not sea attacking what he deems to be not seas. And the Wagner want revenge for their leader, the next Gen not seas. Kinda dang if u do dang if u don’t. 3 pieces on the risk board and all are supposedly the same team, just different captains. I’ll root for zelensky as he’s a comedian and we could all use a laugh in troubling times like these. Sure glad it’s happening over… Read more »