Precious metals registered losses Thursday that ranged from 0.2% for gold to 3.1% for palladium. Drops in gold, silver and platinum were their first in three sessions.
Gold for December delivery shed $3 to settle at $1,781.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are modestly lower in midday U.S. trading Thursday, on normal corrective pullbacks after recent gains. Both metals remain in near-term price uptrends on the daily bar charts. A firmer U.S. dollar index on this day is also a negative outside market element for the metals markets," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,776.80 to a high of $1,790.30. They advanced 0.8% on Wednesday — marking their highest settlement since Oct. 14, they rose 0.3% on Tuesday, and they shed 0.2% on Monday.
Silver for December delivery gave back 27.5 cents, or 1.1%, to close at $24.17 an ounce. Silver futures traded between $24.07 and $24.55. They ralllied 2.4% on Wednesday — logging their best finish since Sept. 3, they surged 2.7% on Tuesday, and they lost 0.4% on Monday.
In other precious metals futures prices Thursday:
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January platinum declined $2.60, or 0.3%, to $1,049.70 an ounce, ranging from $1,038 to $1,066.80.
- Palladium for December delivery dropped $64.30 to $2,018.10 an ounce, trading between $1,978 and $2,093.50.
US Mint Bullion Sales in 2021
Published 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.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Thursday | Last Week | This Week | August | September | October | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 12,000 | 21,000 | 112,000 | 67,500 | 114,500 | 928,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 3,000 | 21,000 | 4,000 | 3,000 | 84,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 8,000 | 34,000 | 8,000 | 12,000 | 140,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 30,000 | 50,000 | 35,000 | 55,000 | 420,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 20,000 | 4,000 | 27,500 | 24,000 | 36,500 | 296,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 576,000 | 3,930,000 | 2,735,000 | 1,076,000 | 26,751,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 | 52,900 |
Is PM’s recent price increase a flash in the pan, or is this a result of inflation driving the price up?
Mammoth –
I have a feeling inflation is starting to show up a little in the precious metals on some days it seems, but silver, gold, platinum &palladium futures are all down for the first 3 quarters of the year. Not sure which way they are going, but I’m paying more for the same groceries for sure! But we S.S. recipients are getting a 5.9% COLA for the new year – the largest adjustment in like almost 30 years. More money for coins! Lol.
Happy collecting/investing!
NumisdudeTX
Looks like a Rough Ryder – where his person meets the saddle. Rawhide!