Gold futures changed little again Wednesday — their fourth straight modest move, and marked their third decline in a row.
Gold for June delivery shed 70 cents, or 0.05%, to settle at $1,313 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold market bulls are fighting to hold the yellow metal above critical chart support at $1,300.00, and they have been successful so far, which has stabilized the market for the time being," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily note.
"The lack of risk aversion in the marketplace at present is working against the safe-haven gold and silver markets," Wyckoff added.
Gold futures ranged from a low of $1,304.20 to a high of $1,317.20. They slipped 40 cents on Tuesday and dipped 60 cents in starting the week on Monday.
Silver for July delivery rose 6.7 cents, or 0.4%, to close at $16.539 an ounce. Silver futures traded between $16.37 and $16.57. They lost 0.1% on Tuesday and fell 0.2% on Monday.
In PGM futures on Wednesday:
July platinum added $4.50, or 0.5%, to $916.60 an ounce, ranging from $908.50 to $916.
- Palladium for June delivery gained $7.20, or 0.8%, to $970.60 an ounce, trading between $961.80 and $969.10.
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 Wednesday after logging their first gains of the month on Tuesday.
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 / May||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||0||500||1,500||2,500||4,000||49,000|
|$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||5,000||5,000||10,000||5,000||105,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||4,500||1,000||2,000||35,000|
|$1 American Eagle 1 Oz Silver Coin||0||230,000||50,000||915,000||915,000||6,057,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||10,000||0||30,000|
|Apostle Islands 5 Oz Silver Coin||0||0||0||N/A||30,000||30,000|