Precious metals registered across-the-board gains for a second day in a row Thursday. Platinum was the biggest winner, surging 1.7%. Each of the other metals logged increases of less 1%. Gains in gold and silver were actually their third straight.
Gold for December delivery tacked on $9.40, or 0.5%, to settle at $1,964.30 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, October gold futures bulls have the firm overall near-term technical advantage amid recent choppy trading. Prices are still in a five-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,992.50. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,900.00," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,948.60 to a high of $1,975.20. They added 0.6% on Wednesday, and they rose 0.5% in starting the holiday-shortened week on Tuesday.
Silver for December delivery advanced 20.8 cents, or 0.8%, to close at $27.291 an ounce. Silver futures traded between $26.86 and $27.76. They edged up 0.3% on Wednesday and they increased 1% on Tuesday.
In other precious metals prices Thursday:
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October platinum rose $16.10 to $941 an ounce, ranging from $920.60 to $947.50.
- Palladium for December delivery added $12.70, or 0.6%, to $2,330.90 an ounce, trading between $2,285 and $2,352.50.
London Precious Metals Prices (LBMA)
In comparing London gold and silver prices from Wednesday PM to Thursday PM:
- Gold rose $19.05, or 1%, to $1,966.25 an ounce.
- Silver gained 57 cents, or 2.2%, to $27.105 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales were unchanged Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Thursday | Last Week | July | August | This Week / Sept. | 2020 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 107,500 | 104,000** | 1,500 | 540,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 4,000 | 10,000** | 1,000 | 56,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 10,000 | 20,000** | 2,000 | 86,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 35,000 | 70,000** | 10,000 | 290,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 30,000 | 28,000** | 500 | 184,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 1,084,500 | 4,477,000** | 1,000,000 | 19,178,000 |
| America Samoa 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Weir Farm 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Salt River Bay 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Marsh Billings 5 oz Silver Coin* | 0 | 0 | 45,000 | 0 | 0 | 45,000 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 56,500 |
**On Wednesday, the U.S. Mint published adjusted August sales of American Buffalo coins to 28,000 from 22,500; changed August sales of American Silver Eagles to 4,477,000 from 2,593,000; and modified August sales of American Gold Eagles with the 1-ounce size to 104,000 from 86,000; the 1/2-ounce size to 10,000 from 6,000; the 1/4-ounce size to 20,000 from 12,000; and the 1/10-ounce size to 70,000 from 30,000.
