Precious metals futures were mixed Wednesday with gold and silver higher and platinum and palladium lower. Gold ended at a more than two-week high.
Gold for December delivery gained $7, or 0.6%, to settle at $1,269.90 an ounce on the Comex division of the New York Mercantile Exchange. The close is the highest since Oct. 3.
"We’ve seen a little reprieve from concerns about higher interest rates," Bloomberg News quoted David Meger, the director of metals trading at High Ridge Futures in Chicago. "We’re seeing a little bit of a rebound as the dollar now sells off."
Gold futures ranged from a low of $1,261.10 to a high of $1,274.40. They rose 0.5% in the previous session and edged up less than 0.1% on Monday.
Higher for a third day in a row after falling for four straight, silver for December added 2.5 cents, or 0.1%, to $17.663 an ounce. Silver futures traded between $17.57 and $17.79. They are 1.3% higher so far this week.
In PGM futures on Wednesday:
January platinum shed $3, or 0.3%, to $943.50 an ounce, ranging from $940.10 and $952.70.
- Palladium for December delivery lost $3.90, or 0.6%, to $635.50 an ounce, trading between $634.70 and $645.50.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Tuesday PM to Wednesday PM:
- Gold added $10.85, or 0.9%, to $1,269.05 an ounce.
- Silver rose 4 cents, or 0.2%, to $17.69 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 2016
U.S. Mint bullion products registered gains of 1,500 ounces in American Buffalo gold coins and 150,000 ounces in American Silver Eagles.
Below is a sales breakdown of U.S. Mint bullion coins with columns listing the number of bullion 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||Sept Sales||Oct Sales||2016 Sales|
|$100 American Eagle 1 Oz Platinum Coins*||–||20,000|
|$50 American Eagle 1 Oz Gold Coins||0||15,500||16,000||79,000||73,500||638,500|
|$25 American Eagle 1/2 Oz Gold Coins||0||3,000||2,000||5,000||6,000||62,000|
|$10 American Eagle 1/4 Oz Gold Coins||0||2,000||2,000||16,000||10,000||126,000|
|$5 American Eagle 1/10 Oz Gold Coins||0||25,000||10,000||85,000||50,000||750,000|
|$50 American Buffalo 1 Oz Gold Coins||1,500||4,000||8,500||17,500||20,500||169,500|
|$1 American Eagle 1 Oz Silver Coins||150,000||695,000||825,000||1,675,000||2,925,000||33,500,500|
|2016 Shawnee 5 Oz Silver Coins*||–||105,000|
|2016 Cumberland Gap 5 Oz Silver Coins*||–||75,000|
|2016 Harpers Ferry 5 Oz Silver Coins||0||0||200||200||200||36,500|
|2016 Theodore Roosevelt 5 Oz Silver Coins||0||800||800||2,000||2,600||32,100|