Gold futures lifted their winning sessions to five in row Wednesday, and settled a new, more than four-month high.
Gold for February delivery rose $2.10, or 0.2%, to end at $1,339.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was again the highest since Sept. 8 when prices finished at $1,351.20 an ounce.
"Some minor profit-taking early saw gold traders then step in to buy the dip when the U.S. dollar index could not hold its early gains and dropped to a 3.5-year low," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily report.
Gold futures traded between $1,326.60 and $1,344.50. They also climbed 0.2% in their start to the trading week on Tuesday.
Silver for March delivery shed 2.3 cents, or 0.1%, to settle at $17.166 an ounce. Silver futures ranged from $16.98 to $17.31. They ended 0.3% higher on Tuesday.
In PGM futures on Wednesday:
April platinum gained $6, or 0.6%, to $1,010.90 an ounce, trading between $1,002.20 and $1,012.90.
- Palladium for March delivery tacked on $21.55, or 2%, to $1,109.70 an ounce, ranging from $1,089.20 to $1,113.95. The close was a new all-time high.
Last week, the two metals each advanced 2.2%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold added $1.80, or 0.1%, to $1,335.65 an ounce.
- Silver added 11.5 cents, or 0.7%, to $17.21 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
United States Mint bullion sales were unchanged Wednesday. Below is a sales breakdown of U.S. 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||2017 Sales||2018 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||27,000||2,500||38,000||228,500||29,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||12,000||2,000||3,000||37,000||14,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||24,000||0||4,000||64,000||24,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||60,000||5,000||25,000||395,000||65,000|
|$50 American Buffalo 1 Oz Gold Coin||0||18,500||2,000||14,000||99,500||20,500|
|$1 American Eagle 1 Oz Silver Coin||0||2,520,000||250,000||742,000||18,065,500||2,770,000|