Precious Metals Increase Thursday, April 8

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Precious metals gained Thursday, led by silver and followed by gold. Increases in platinum and palladium were modest.

Gold for June delivery tacked on $16.60, or 1%, to settle at $1,758.20 an ounce on the Comex division of the New York Mercantile Exchange.

"The dollar and U.S. yields are coming off and that’s the key catalyst right now… a pretty unimpressive jobs number is also helping push gold higher," Reuters quoted Bob Haberkorn, senior market strategist, RJO Futures. "And the fact that we’re above $1,750, which is a key technical level, shows that gold has some legs to continue higher."

Gold futures ranged from a low of $1,733.60 to a high of $1,759.40. They dipped 0.08% on Wednesday, they rose 0.8% on Tuesday, and they inched up 0.02% on Monday.

Silver for May delivery increased 33.8 cents, or 1.3%, to close at $25.585 an ounce. Silver futures traded between $25.02 and $25.68. They climbed 0.08% on Wednesday, they advanced 1.8% on Tuesday, and they declined 0.7% on Monday.

In other precious metals futures prices on Thursday:

  • July platinum added $3.50, or 0.3%, to $1,235.40 an ounce, ranging from $1,222.10 to $1,243.70.

  • Palladium for June delivery added $7.20, or 0.3%, to $2,628.30 an ounce, trading between $2,606.50 and $2,650.

US Mint Bullion Sales in 2021

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 This Week / April January Sales February Sales March Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 13,000 191,000 121,000 55,500 380,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 22,000 9,000 0 31,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 36,000 0 20,000 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 95,000 0 55,000 150,000
$50 American Buffalo 1 Oz Gold Coin 0 0 3,500 61,500 16,000 33,500 114,500
$1 American Eagle 1 Oz Silver Coin 0 0 596,000 4,775,000 3,191,500 4,087,000 12,649,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 N/A N/A 35,000 35,000
Tuskegee Airmen 5 oz Silver Coin 0 0 50,000 N/A N/A N/A 50,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 0
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