On Thursday, prices for precious metals exhibited a split, with gold and platinum registering gains while silver and palladium experienced declines. Gold saw an increase for the second straight day, following three consecutive sessions of losses.
Gold for August delivery edged up by $1.80, or 0.09%, to settle at $1,970.70 an ounce on the Comex division of the New York Mercantile Exchange.
"The yellow metal has rebounded from sharp overnight losses that pushed prices to a three-month low. A sharp drop in the U.S. dollar index today, as well as a decline in U.S. Treasury yields, helped to lift the gold market. Short covering from the futures traders is featured," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,936.10 and $1,972.80, after rising by 0.5% on Wednesday, declining by 0.6% on Tuesday, and sliding by 0.4% on Monday.
Elsewhere, silver for July delivery shed 15.8 cents, or 0.7%, to end at $23.947 an ounce. Silver futures ranged from $23.27 to $24.01, after rising by 1.2% on Wednesday, giving back 1% on Tuesday, and dropping by 1.4% on Monday.
In other precious metals prices on Thursday:
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July platinum added $11.90, or 1.2%, to $991.90 an ounce, trading between $965.50 and $995.70.
- Palladium for September delivery lost $4.90, or 0.4%, to $1,397.30 an ounce, ranging from $1,357 to $1,399.50.
US Mint Bullion Sales in 2023
On Tuesday, the U.S. Mint published bullion sales gains for the first time month. No additional sales were reported on Wednesday or Thursday. The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold (not total ounces) during different time periods.
| US Mint Bullion Sales (# of coins) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Thursday | Last Week | This Week / June | February | March | April | May | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 16,000 | 41,500 | 211,000 | 159,500 | 60,500 | 606,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 8,000 | 1,000 | 8,000 | 18,000 | 73,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 4,000 | 12,000 | 10,000 | 12,000 | 32,000 | 132,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 15,000 | 85,000 | 10,000 | 35,000 | 80,000 | 340,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 7,000 | 19,500 | 73,000 | 61,000 | 47,000 | 266,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 725,000 | 900,000 | 900,000 | 900,000 | 1,593,000 | 8,967,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 3,500 | N/A | 7,500 | 500 | 1,200 | 12,700 |
Anything about a “v” cent? I don’t see anything about those. Oh, gold, yeah, right.
Antonio, Kaiser Wilhelm, et al. Careful, if shopping or buying the 2023 Extra V Lincoln Cemt. Although, currently being attributed and slabbed, the verdict still hasn’t been completely agreed upon apparently, as to how or where these coins picked up that extra V? I’ve heard this evening on BlueRidge SilverHounds June 14 Market Report, there is now speculation this could be an “ejection mark”? He mentions this and that if so, this is damage or a mark created, after leaving the Mint. All I’m saying, is if these turn out to not be errors, per se, I’d imagine there would… Read more »