In prices of precious metals on Thursday, platinum and palladium extended their losing streaks to four in a row, silver climbed for a second day, and gold bounced after reaching a three-week low.
Gold for December delivery rose by $12, or 0.6%, to settle at $1,969.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Today’s gold move is just a dollar story and there is also a technical rebound as we sold-off quite aggressively," Reuters quoted Bart Melek, head of commodity strategies at TD Securities.
Gold futures traded between $1,948.30 and $1,971.50. They lost 0.8% on Wednesday, registering their weakest settlement since Oct. 17, they fell by 0.8% on Tuesday, and they declined by 0.5% on Monday.
Meanwhile, silver for December tacked on 17.7 cents, or 0.8%, ending at $22.905 an ounce. Silver futures ranged from $22.41 and $23.07. They gained 0.6% on Wednesday, they dropped by 2.8% on Tuesday, marking their lowest finish since Oct. 12, and they slipped by 0.2% on Monday.
In other precious metals prices on Thursday:
-
January platinum fell by $8.70, or 1%, to $862.80 an ounce, trading between $859.60 and $878.
- Palladium for December delivery tumbled by $51.30, or 4.8%, to $1,009.10 an ounce, with prices on the day ranging from $993.50 to $1,059.
US Mint Bullion Sales in 2023
U.S. Mint bullion sales last changed on Tuesday, and those gains were the first for this month. Advances included 8,500 ounces in American Gold Eagles, 356,000 ounces in American Silver Eagles, and 3,500 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 | August | September | October | This Week / November | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 4,000 | 78,000 | 27,500 | 97,000 | 7,000 | 876,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 3,000 | 2,000 | 13,000 | 7,000 | 1,000 | 96,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 30,000 | 18,000 | 4,000 | 186,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 150,000 | 40,000 | 30,000 | 0 | 605,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 3,000 | 19,500 | 18,500 | 36,500 | 3,500 | 371,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 632,000 | 3,124,000 | 2,970,000 | 3,938,000 | 356,000 | 22,203,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 0 | 12,700 |
