Precious metals futures advanced together Wednesday for a second day in a row. Gold and silver closed at fresh multi-month highs and each marked their fourth straight session gain.
Gold for April delivery — the new, most active contract — inched up 30 cents, or less than 0.1%, to settle at $1,315.50 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since May 14 when gold ended at $1,318.20 an ounce.
Gold futures ranged from a low of $1,313.50 to a high of $1,328.60. They rose 0.5% on Tuesday and added 0.4% on Monday.
Silver for March delivery rose 8.8 cents, or 0.6%, to close at $15.927 an ounce. The settlement was the strongest since July 12 when silver settled at $15.977 an ounce. Silver futures traded between $15.82 and $16.12. They added 0.5% on Tuesday and climbed 0.4% on Monday.
In PGM futures Wednesday:
-
April platinum gained 40 cents, or less than 0.1%, to $816.20 an ounce, ranging from $814.60 to $823.80.
- Palladium for March added $12.80, or 1%, to $1,316.40 an ounce, trading between $1,297.70 and $1,324.10.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM
- Gold added $5.40, or 0.4%, to $1,307.55 an ounce.
- Silver rose 17 cents, or 1.1%, to $15.855 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight
US Mint 2019 Bullion Sales
United States Mint bullion sales were unchanged. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Wednesday | Last Week | This Week | December | 2018 Sales | 2019 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 1,000 | 0 | 30,000 | 26,600 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 2,500 | 1,000 | 3,000 | 191,000 | 44,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 0 | 32,000 | 15,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 62,000 | 20,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 5,000 | 0 | 230,000 | 80,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 1,500 | 500 | 1,500 | 121,500 | 23,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 375,000 | 86,500 | 490,000 | 15,700,000 | 4,017,500 |
