Precious metals closed with very narrow changes Wednesday. Gold was the single gainer in very light, range-bounded trading.
Gold prices for December delivery settled up $3.20, or 0.2%, to $1,616.00 an ounce. Prices traded between an intraday low and high of $1,605.90 and $1,619.50.
"There appears to be little investor enthusiasm to push gold prices in any clear direction. A dearth of important economic releases this week and thin summer turnover may leave gold trading in a near-term no-man’s land," said James Steel, HSBC’s chief commodity analyst, according to Reuters.
In other New York precious metals:
Barely snapping a three-day winning streak, silver prices for September delivery edged down 1.1 cents to $28.075 an ounce. Silver ranged from a low of $27.66 to a high of $28.21.
Platinum for October delivery was also nearly unchanged, dipping 20.0 cents to $1,410.20 an ounce. Platinum touched a low of $1,399.00 and a high of $1,411.40.
- Palladium for September delivery declined $1.70, or 0.3%, to $586.50 an ounce, trading between $581.50 and $587.95.
London Precious Metals
London precious metals were mixed Wednesday. When comparing London PM Fix prices:
- Gold added $2.25, or 0.1%, to $1,613.25 an ounce,
- Silver lost 16.0 cents, or 0.6%, to $27.84 an ounce,
- Platinum declined $8.00, or 0.6%, to $1,402.00 an ounce, and
- Palladium was unchanged at $585.00 an ounce
Sales of U.S. Mint Bullion Coins
Sales of U.S. Mint bullion coins were unchanged Wednesday as of 4:24 p.m. ET. The latest daily, August and year-to-date sales figures for U.S. Mint bullion products follow.
|US Mint American Eagle and Buffalo Bullion Coin Sales|
|Daily Gains||August Gains||YTD 2012|
|$50 American Gold Eagle Coins||0||3,500||317,000|
|$25 American Gold Eagle Coins||0||0||56,000|
|$10 American Gold Eagle Coins||0||0||54,000|
|$5 American Gold Eagle Coins||0||5,000||195,000|
|$50 American Buffalo Gold Coins||0||2,500||81,500|
|American Silver Eagle Coins||0||765,000||20,435,000|
|America the Beautiful 5 Oz. Silver Bullion Coin Sales|
|Daily Gains||August Gains||All-Time Total|
|2012 El Yunque National Forest 5 oz. Silver Coins||0||400||13,600|
|2012 Chaco Culture National Historical Park 5 oz. Silver Coins||0||400||7,800|
|2012 Acadia National Park 5 oz. Silver Coins||0||600||10,500|
|2011 Olympic National Park 5 oz. Silver Coins||0||0||85,500|
|2011 Vicksburg National Military Park 5 oz. Silver Coins||0||0||39,100|
|2011 Chickasaw Park 5 oz. Silver Coins||0||0||29,400|
Above U.S. Mint bullion sales are in coin totals, not in amount of ounces sold.