Precious metals futures ended in divided fashion Wednesday with gold and silver lower and platinum and palladium higher. All were little changed overall, however.
Gold for December delivery declined $4.10, or 0.3%, to settle at $1,202.90 an ounce on the Comex division of the New York Mercantile Exchange.
"A very upbeat U.S. economic report that lifted the U.S. stock indexes and a rally in the U.S. dollar index worked against the safe-haven metals today," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "There was also less risk aversion in the marketplace at mid-week."
Gold futures ranged from a low of $1,200.80 to a high of $1,212.30. They rose 1.3% on Tuesday — ending at a two-week high, and lost 0.4% on Monday.
Elsewhere, silver for December fell 2.3 cents, or 0.2%, to settle at $14.67 an ounce. Silver futures traded between $14.65 and $14.86. They gained 1.3% on Tuesday and fell 1.4% on Monday.
In PGM futures on Wednesday:
January platinum rose $2.20, or 0.3%, to $835.70 an ounce, ranging from $830.80 to $840.
- Palladium for December delivery added $2.30, or 0.2%, to $1,053 an ounce, trading between $1,038.60 and $1,058.40 an ounce. On Friday, it ended at $1,072.80 an ounce for its best close since late January.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold declined $3.50, or 0.3%, to 1,201.20 an ounce.
- Silver added 23 cents, or 1.6%, to $14.735 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. 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||Week / Oct.||August||September||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||3,500||2,000||17,500||14,500||153,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||4,000||2,000||24,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||4,000||58,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||10,000||40,000||205,000|
|$50 American Buffalo 1 Oz Gold Coin||0||4,500||1,000||20,000||11,000||109,000|
|$1 American Eagle 1 Oz Silver Coin||0||935,000||545,000||1,530,000||2,897,500||12,680,000|
|Pictured Rocks 5 Oz Silver Coin*||0||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin*||0||0||0||0||0||30,000|
|Voyageurs 5 Oz Silver Coin*||0||0||0||0||0||30,000|
|Cumberland Island 5 Oz Silver Coin||0||0||0||N/A||52,500||52,500|