Precious metals divided Thursday with gold and silver falling and platinum and palladium rising. Gains for platinum and palladium were actually their fourth in a row.
Gold for August delivery shed $6.70, or 0.4%, to settle at $1,776.70 an ounce on the Comex division of the New York Mercantile Exchange.
The "current global optimism has caused traders and other mid-term investors to rotate away from defensive values and safe havens to riskier assets, which represents a strong bearish market driver for gold," MarketWatch quoted Pierre Veyret, technical analyst at ActivTrades.
Gold futures ranged from a low of $1,772.70 to a high of $1,788.60. They edged 0.3% higher on Wednesday, they gave back 0.3% on Tuesday, and they moved up 0.8% on Monday.
Silver for July delivery lost 6.1 cents, or 0.2%, to close at $26.05 an ounce. Silver futures traded between $25.86 and $26.25. They rose 1% on Wednesday, they shed 0.7% on Tuesday, and they edged up 0.2% on Monday.
In other precious metals prices on Thursday:
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July platinum added $7.40, or 0.7%, to $1,093.90 an ounce, ranging from $1,067.40 to $1,096.50.
- Palladium for September delivery tacked on $13.40, or 0.5%, to $2,643.90 an ounce, trading between $2,604 and $2,656.50.
US Mint Bullion Sales in 2021
The United States Mint published no bullion sales on Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Thursday / This Week | Last Week | March Sales | April Sales | May | June | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 55,500 | 38,500 | 20,500 | 4,000 | 430,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 20,000 | 0 | 0 | 0 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 55,000 | 0 | 0 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 33,500 | 11,000 | 44,000 | 7,000 | 173,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 4,087,000 | 1,053,000 | 0 | 0 | 13,106,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 35,000 | 0 | 40,000 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | N/A | 50,000 | 2,900 | 0 | 52,900 |
