Gold futures settled lower for the first time in four sessions and from a 5-week high as investors sought more risk and the dollar climbed.
Gold for June delivery lost $9.90, or 0.8% to settle at $1,248.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices ended the U.S. day session lower Wednesday, in the wake of a robust ADP jobs report and a rallying U.S. dollar index and stock market," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily report. "Some profit taking from the shorter-term futures traders and chart consolidation were also featured following recent advances."
Gold futures ranged from a low of $1,245.40 to a high of $1,259.30. They rose 0.4% on Tuesday, ending at their highest level since Feb 27, and gained 0.2% on Monday.
Elsewhere, silver for May delivery declined 13.6 cents, or 0.7%, to settle at $18.187 an ounce. Silver futures traded between $18.14 and $18.33. They edged up 0.6% on Wednesday, scoring their best close since March 1, and slipped 0.2% on Monday.
In PGM futures Wednesday:
-
July platinum dipped $4.90, or 0.5%, to $959.60 an ounce, ranging from $955.90 to $972.20.
- Palladium for June delivery rose 80 cents, or 0.1%, to $807.75 an ounce, trading between $801.80 and $816.45.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Tuesday PM to Wednesday PM:
- Gold fell $11.85, or 0.9%, to $1,245.80 an ounce.
- Silver declined 8 cents, or 0.4% to $18.26 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Coin Sales in 2017
U.S. Mint bullion sales were unchanged Wednesday. Below is a sales breakdown of U.S. bullion products with columns listing 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 / April | Mar Sales | 2017 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 20,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,500 | 1,500 | 16,000 | 125,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 25,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 2,000 | 4,000 | 46,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 5,000 | 35,000 | 195,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 1,500 | 1,000 | 8,500 | 56,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 320,000 | 255,000 | 1,615,000 | 8,212,500 |
| 2017 Frederick Douglass 5 Oz Silver Coin | 0 | N/A | 9,700 | N/A | 9,700 |
| 2017 Effigy Mounds 5 Oz Silver Coin | 0 | 200 | 600 | 200 | 20,300 |
