Platinum declined on Thursday while gold, silver and palladium gained. Gold’s increase was its second in a row after ending at a more than 29.5-month low on Tuesday.
Gold for December delivery climbed $5.40, or 0.3%, to settle at $1,681.10 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures traded between $1,663.30 and $1,693.50. They edged 0.3% higher on Wednesday, they lost 0.4% on Tuesday, for their lowest close since April 3, 2020, and they shed 0.3% on Monday.
"Short covering in the futures markets was featured in gold and silver today, following recent losses. Rising U.S. Treasury bond yields and a very strong U.S. dollar index did limit buying interest in the precious metals today," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Silver for December delivery tacked on 13.7 cents, or 0.7%, to close at $19.617 an ounce. Silver futures ranged from $19.25 to $19.89. They rose 1.6% on Wednesday, they fell 0.9% on Tuesday, for their weakest close since Sept. 9, and they dipped 0.1% on Monday.
In other precious metals futures prices on Thursday:
-
October platinum lost $10, or 1.1%, to $906 an ounce, trading between $895.60 and $918.80.
- Palladium for December delivery jumped $51.50, or 2.4%, to $2,175 an ounce, ranging from $2,084 to $2,194.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged 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 | May | June | July | August | September | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 27,500 | 164,500 | 31,000 | 59,500 | 47,500 | 47,500 | 780,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 7,000 | 6,000 | 5,000 | 2,000 | 0 | 73,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 8,000 | 18,000 | 2,000 | 4,000 | 4,000 | 138,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 10,000 | 50,000 | 135,000 | 20,000 | 20,000 | 15,000 | 560,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 27,000 | 56,000 | 21,500 | 39,500 | 22,500 | 38,500 | 360,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 408,000 | 1,350,000 | 925,000 | 850,000 | 850,000 | 833,000 | 13,239,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 23,500 | 15,500 | 1,000 | 0 | 80,000 |
Everyone was up today. We’ll see what tomorrow brings.
Everybody Wang Chung tonight