Aside from gold which declined modestly, precious metals futures advanced Wednesday. Gold’s loss was its fourth in five sessions. Silver, meanwhile, climbed for a second day in a row and closed at an almost four-week high.
Gold for August delivery shed 80 cents, or less than 0.1%, to settle at $1,301.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Although global trade fears remain a dominant market theme, the yellow metal clearly needs a fresh catalyst to accelerate the flight to safety," MarketWatch quoted Lukman Otunuga, research analyst at FXTM, in a note.
Gold futures ranged from a low of $1,297.70 to a high of $1,306.10. They added 0.4% on Tuesday and dipped 0.2% on Monday, ending at their lowest price since May 23.
Silver for July delivery tacked on 15.1 cents, or 0.9%, to settle at $16.694 an ounce — its best close since May 11. Silver futures traded between $16.50 and $16.77. They rose 0.7% on Tuesday and declined less than 0.1% on Monday.
In PGM futures on Wednesday:
July platinum gained $6.30, or 0.7%, to $907.60 an ounce, ranging from $900.80 to $909.10.
- Palladium for September delivery rallied $29.50, or 3%, to $1,015.20 an ounce, trading between $982.70 and $1,019.30.
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 moved up by a combined 6,000 ounces in American Eagle and Buffalo gold coins and by 50,000 ounces in American Silver Eagles.
ET. 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 / June||April||May||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||10,000||30,000|
|$50 American Eagle 1 Oz Gold Coin||5,500||6,000||5,500||4,000||18,500||71,500|
|$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||18,000||44,000|
|$5 American Eagle 1/10 Oz Gold Coin||5,000||0||5,000||5,000||10,000||115,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||5,000||2,000||16,500||52,000|
|$1 American Eagle 1 Oz Silver Coin||50,000||0||100,000||915,000||380,000||6,487,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin||0||0||0||30,000||0||30,000|