Precious metals futures declined Wednesday as the U.S. dollar gained against other world currencies. Gold finished at its lowest price in five weeks.
Gold for June delivery declined $10.20, or 0.8%, to settle at $1,322.80 an ounce on the Comex division of the New York Mercantile Exchange. The close is the lowest since March 21.
"As traders put geopolitical and trade risk in the rear-view mirror for the time being, how the dollar flourishes and wilts will be the primary driver of near-term gold sentiment," Reuters quoted Stephen Innes, APAC trading head at OANDA.
Gold futures ranged from a low of $1,320.20 to a high of $1,333.80. They advanced 0.7% on Tuesday, and dropped 1.1% in starting the trading week on Monday.
Silver for May delivery fell 20.1 cents, or 1.2%, to settle at $16.502 an ounce. Silver futures traded between $16.47 and $16.71. They rose 0.7% on Tuesday, and sank 3.4% on Monday
In PGM futures on Wednesday:
-
July platinum lost $22.30, or 2.4%, to $912.70 an ounce, ranging from $911.40 to $934.90.
- Palladium for June delivery declined $4.15, or 0.4%, to $967.50 an ounce, trading between $951.80 and $969.
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 were unchanged. 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 / This Week | Last Week | March | April | 2018 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 20,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 500 | 2,500 | 2,500 | 46,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 16,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 26,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 10,000 | 0 | 95,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 1,000 | 1,000 | 29,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 275,000 | 915,000 | 610,000 | 5,702,500 |
| Pictured Rocks 5 Oz Silver Coin | 0 | 0 | 10,000 | 0 | 30,000 |
| Apostle Islands 5 Oz Silver Coin | 0 | 30,000 | N/A | 30,000 | 30,000 |
