Gold futures registered their first increase in three sessions Wednesday. The precious metal before this week scored eleven straight session advances.
Gold for February delivery rose $5.60, or 0.4%, to settle at $1,319.30 an ounce on the Comex division of the New York Mercantile Exchange.
"Safe-haven demand for the yellow metal was featured amid a rise in world government bond yields that troubled the marketplace," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A lower U.S. dollar index on this day also provided support to the precious metals."
Gold futures traded from a low of $1,308.90 to a high of $1,328.60. They declined 0.5% on Tuesday and slipped 0.1% in starting the trading week on Monday.
Silver for March delivery added 2.5 cents, or 0.2%, to settle at $17.035 an ounce. Silver futures ranged from $16.93 to $17.22. They fell 0.8% on Tuesday and on Monday.
In PGM futures on Wednesday:
April platinum moved up $6.50, or 0.7%, to $978.80 an ounce, trading between $962.30 and $979.20.
- Palladium for March delivery tumbled $20.75, or 1.9%, to $1,077.40 an ounce, ranging from $1,077 to $1,098.15. They closed at a new all-time high in the previous session.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold rose $8.75, or 0.7%, to $1,319.75 an ounce.
- Silver added 8 cents, or 0.5%, to $17.135 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight
US Mint Bullion Sales in 2018
U.S. Mint bullion sales logged gains of 7,000 ounces in American Gold Eagles; 2,500 ounces in American Gold Buffalos; and by 25,000 ounces in American Silver Eagles.
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 Sales||Last Week||This Week||December||2017 Sales||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||20,000||0|
|$25 American Eagle 1 Oz Palladium Coin*||0||0||0||0||15,000||0|
|$50 American Eagle 1 Oz Gold Coin||3,500||0||23,000||38,000||228,500||23,000|
|$25 American Eagle 1/2 Oz Gold Coin||2,000||0||11,000||3,000||37,000||11,000|
|$10 American Eagle 1/4 Oz Gold Coin||6,000||0||24,000||4,000||64,000||24,000|
|$5 American Eagle 1/10 Oz Gold Coin||10,000||0||55,000||25,000||395,000||55,000|
|$50 American Buffalo 1 Oz Gold Coin||2,500||0||15,500||14,000||99,500||15,500|
|$1 American Eagle 1 Oz Silver Coin||25,000||0||2,520,000||742,000||18,065,500||2,520,000|
|2017 Effigy Mounds 5 Oz Silver Coin||0||0||0||0||35,000||0|
|2017 Frederick Douglass 5 Oz Silver Coin||0||0||0||0||20,000||0|
|2017 Ozark Riverways 5 Oz Silver Coin||0||0||0||0||20,000||0|
|2017 Ellis Island 5 Oz Silver Coin*||0||0||0||0||40,000||0|
|2017 George Rogers Clark 5 Oz Silver Coin||0||0||0||0||32,400||0|