Precious Metals Little Changed Wednesday, Aug. 23

by CoinNews.net on August 23, 2017 · 0 comments

Gold Bullion, five bars

Precious metals futures registered very modest changes Wednesday, Aug. 23

Precious metals futures were little changed Wednesday. Gold, silver and palladium logged slight gains while platinum declined modestly.

Gold for December delivery tacked on $3.70, or 0.3%, to settle at $1,294.70 an ounce on the Comex division of the New York Mercantile Exchange.

"The price of gold appears stuck in the mud, looking for any bit of news that can get the wheels spinning again," Reuters quoted Walter Pehowich, executive vice president of investment services at Dillon Gage Metals. "Helping a little is a weaker dollar and softer Treasury yields."

Gold futures ranged from a low of $1,287.90 to a high of $1,297. They declined 0.4% on Tuesday and climbed 0.4% on Monday to mark their best close since June 6.

Elsewhere, silver for September delivery added 6.4 cents, or 0.4%, to settle at $17.046 an ounce. Silver futures traded between $16.91 and $17.09. They dipped 0.2% in the previous session and edged up 0.09% on Monday.

In PGM futures on Wednesday:

  • October platinum slipped 40 cents, or less than 0.1%, to $980.90 an ounce, ranging from $976.80 to $986.50.

  • Palladium for September delivery added 65 cents, or less than 0.1%, to $933 an ounce, trading between $928.35 and $939.50. On Monday, they ended at $939 an ounce for their highest settlement since February 2001.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:

  • Gold added $2.45 or 0.2%, to 1,286.65 an ounce.
  • Silver added 4 cents, or 0.2%, to $17.06 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

US Mint Bullion Sales in 2017

United States Mint bullion sales were unchanged Wednesday as of 2:47 p.m. ET. 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 Last Week This Week July August YTD
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 0 1,500 13,500 6,000 161,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 0 2,000 29,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 4,000 2,000 54,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 15,000 30,000 15,000 305,000
$50 American Buffalo 1 Oz Gold Coin 0 0 500 6,000 2,500 74,500
$1 American Eagle 1 Oz Silver Coin 0 125,000 190,000 2,320,000 425,000 14,978,500
2017 Effigy Mounds 5 Oz Silver Coin 0 0 0 0 0 35,000
2017 Frederick Douglass 5 Oz Silver Coin 0 0 0 0 0 20,000
2017 Ozark Riverways 5 Oz Silver Coin 0 0 0 0 0 20,000

 

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