Gold Ends Flat on Thursday, Oct. 6

1

In precious metals trading action on Thursday, gold finished unchanged while silver, platinum and palladium gained.

Gold for December delivery settled flat at $1,720.80 an ounce on the Comex division of the New York Mercantile Exchange.

"We’re essentially just holding as we have a big jobs report tomorrow and then some inflation data next week … those would be two major data points to determine the next leg here for gold, looking forward to the next Fed meeting," Reuters quoted Ryan McKay, commodity strategist at TD Securities.

On Friday, the U.S. Labor Department will publish their jobs report for September.

Gold futures traded between $1,714.80 and $1,734.20. They lost 0.6% on Wednesday, they rose 1.7% on Tuesday, for the highest finish since Sept. 12, and they moved up 1.8% on Monday.

Silver for December delivery rose 11.6 cents, or 0.6%, to settle at $20.66 an ounce. Silver futures ranged from $20.40 to $20.93. They fell 2.6% on Wednesday, they surged 2.5% on Tuesday, for their best settlement since June 27, and they soared 8.1% on Monday.

In other precious metals prices on Thursday:

  • January platinum added $7.20, or 0.8%, to $921.80 an ounce, ranging from $916.90 to $932.20.

  • Palladium for December delivery gained $19.60, or 0.9%, to $2,275.50 an ounce, trading between $2,249.50 and $2,314.50.

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 Last Week May June July August September 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 164,500 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 0 50,000 135,000 20,000 20,000 15,000 560,000
$50 American Buffalo 1 Oz Gold Coin 0 0 56,000 21,500 39,500 22,500 38,500 360,000
$1 American Eagle 1 Oz Silver Coin 0 0 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

 

Subscribe
Notify of
guest

1 Comment
Inline Feedbacks
View all comments
Antonio

Gold is never flat, like Chesty Morgan is never flat. The price may be unchanged though.