Precious metals futures gained Wednesday. Gold and silver each climbed 1%. Gold’s gain was its fourth straight while silver drove its streak of wins to five sessions in a row. Gold also ended at an eleven-week high.
Gold for June delivery tacked on $14.10 to finish at $1,360 an ounce on the Comex division of the New York Mercantile Exchange. The close was the strongest since Jan. 25.
"Both yellow and ‘black’ golds are currently finding support from heightened fear among investors that the U.S. and its allies may soon launch a military strike against Syria," MarketWatch quoted Fawad Razaqzada, technical analyst with Forex.com.
Gold futures traded from a low of $1,342.50 to a high of $1,369.40. They gained 0.4% on Tuesday and moved up 0.3% on Monday.
Silver for May delivery advanced 17.2 cents to settle at $16.768 an ounce. Silver futures ranged from $16.51 to $16.89. They rose 0.4% on Tuesday and gained 1% on Monday.
In PGM futures on Wednesday:
July platinum rose $1.20, or 0.1%, to settle at $934.30 an ounce, trading between $932.10 and $946.
- Palladium for June delivery gained $11.20, or 1.2%, to $960.95 an ounce, ranging from $943.20 to $964.30.
London Precious Metals Prices
LBMA bullion prices are available on the LBMA website with a delay of midnight.
US Mint Bullion Sales in 2018
United States Mint bullion sales advanced by 2,500 ounces in gold coins — their first gains in April — and by 50,000 ounces in American Silver Eagles. Sales splits for gold coins included 2,000 ounces in 1-ounce American Gold Eagles and 500 ounces in 1-ounce American Gold Buffalos.
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||March||April||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||2,000||0||2,000||2,500||2,000||45,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||0||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||0||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||10,000||0||95,000|
|$50 American Buffalo 1 Oz Gold Coin||500||0||500||1,000||500||29,000|
|$1 American Eagle 1 Oz Silver Coin||50,000||210,000||125,000||915,000||335,000||5,427,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||10,000||0||30,000|