Precious Metals Little Changed Wed., Oct. 25

by CoinNews.net on October 25, 2017 · 1 comment

Three gold bars and chart

Changes in precious metals futures ranged from a loss of 0.3% for palladium to an increase of 0.1% for platinum

Precious metals futures registered slight changes Wednesday. Gold edged up from a near three-week low while silver settled down for a fourth straight session.

Gold for December delivery rose 70 cents, or less 0.1%, to settle at $1,279 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices were ending the U.S. day session with slight gains and erased earlier losses," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily note. "A solid down day for U.S. stock indexes helped to lift the gold market back into positive territory on the day."

Gold futures traded from a low of $1,272 to a high of $1,280.40. They lost 0.2% on Tuesday — ending at their worst point since Oct. 6, and climbed 40 cents in their start to the week on Monday

Meanwhile, silver for December delivery declined 4.1 cents, or 0.2%, to close at $16.925 an ounce. The settlement is the lowest since Oct. 6 when the metal ended at $16.79 an ounce. Silver futures ranged from $16.81 to $17.05. They declined 0.6% in the previous session and shed less than a half cent on Monday.

In PGM futures on Wednesday:

  • January platinum added $1.20, or 0.1%, to $926.70 an ounce, trading between $914.50 and $926.50.

  • Palladium for December delivery lost $3.10, or 0.3%, to $958.10 an ounce, ranging from $948.35 to $967.45.

London Precious Metals Prices

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

  • Gold dipped $1.45, or 0.1%, to 1,275 an ounce.
  • Silver declined 14.5 cents, or 0.9%, to $16.89 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 as of 2:23 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 September October YTD
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$25 American Eagle 1 Oz Palladium Coin* 0 0 0 15,000 0 15,000
$50 American Eagle 1 Oz Gold Coin 0 2,500 2,000 8,000 10,000 180,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 1,000 2,000 32,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 2,000 2,000 58,000
$5 American Eagle 1/10 Oz Gold Coin 0 20,000 0 25,000 25,000 355,000
$50 American Buffalo 1 Oz Gold Coin 0 2,500 0 1,500 4,500 81,000
$1 American Eagle 1 Oz Silver Coin 0 450,000 175,000 320,000 925,000 16,823,500
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
2017 Ellis Island 5 Oz Silver Coin* 0 0 0 0 0 40,000

 

{ 1 comment… read it below or add one }

Joe Brown October 25, 2017 at 10:39 pm

its nice to sea all green tho.

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