Gold and Silver Rise on Thursday, Sept. 22



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

 



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