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|