Most precious metals posted only modest changes in pre-holiday trading Wednesday. Markets in the U.S. are closed Thursday for the Thanksgiving holiday but they re-open on Friday.
Gold for December delivery dipped $3.80, or 0.4%, to settle at $1,070 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices ended a quieter U.S. day session modestly lower, pressured by bearish outside markets on this day that saw the U.S. dollar index higher and hit a seven-month high," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A ‘risk-on’ trading day in the marketplace also worked against the safe-haven gold market."
Gold prices traded from a low of $1,068.20 to a high of $1,080.40. They rose 0.7% on Tuesday and closed at a near 6-year low on Monday.
Virtually unchanged, silver for December delivery fell one-tenth of a penny to settle at $14.16 an ounce. Silver prices ranged from $14 to $14.24. They advanced 0.9% on Tuesday and ended at a more than 6-year low on Monday.
In PGM futures on Wednesday:
January platinum added $2.20, or 0.3%, to $843.90 an ounce, trading between $836 and $849.60.
- Palladium for December delivery gained $9.80, or 1.8%, to $551.30 an ounce, ranging from $534.70 to $543.60.
London Precious Metals Prices
Earlier fixed London gold and silver prices also declined. In comparing their levels from Tuesday PM to Wednesday PM:
- Gold fell $8.40, or 0.8%, to $1,068 an ounce.
- Silver lost 7 cents, or 0.5%, to $14.07 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Coin Sales
United States Mint bullion sales were unchanged Wednesday following two strong days of gains. Below is a listing of U.S. Mint bullion products with the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Wednesday Sales||Last Week||This Week||Oct Sales||Nov Sales||YTD Sales|
|$50 American Eagle 1 Oz Gold Coins*||N/A||39,000||16,000||26,000||80,500||626,500|
|$25 American Eagle 1/2 Oz Gold Coins||0||6,000||0||4,000||7,000||74,000|
|$10 American Eagle 1/4 Oz Gold Coins*||N/A||N/A||N/A||4,000||12,000||158,000|
|$5 American Eagle 1/10 Oz Gold Coins*||N/A||55,000||N/A||50,000||100,000||980,000|
|$50 American Buffalo 1 Oz Gold Coins*||0||9,000||12,000||10,500||29,000||210,000|
|$1 American Eagle 1 Oz Silver Coins||0||900,000||922,000||3,788,000||4,009,000||43,851,500|
|2015 Homestead 5 Oz Silver Coins*||N/A||35,000|
|2015 Kisatchie 5 Oz Silver Coins*||42,000|
|2015 Blue Ridge Parkway 5 Oz Silver Coins*||45,000|
|2015 Bombay Hook 5 Oz Silver Coins*||45,000|