Most precious metals declined Wednesday. Palladium was the exception, ending at yet another record for its third straight daily string of them. Gold, meanwhile, slipped from an almost 21-week high.
Gold for February delivery shed $4, or 0.3%, to settle at $1,242.60 an ounce on the Comex division of the New York Mercantile Exchange.
"With risk sentiment stabilizing, well kind of, the gold market is taking some profits," wrote Stephen Innes, a head of trading at Oanda, in a Wednesday research report according to MarketWatch. "Overall its time to hit the pause button until markets open until after the day of mourning," he said.
Gold futures ranged from a low of $1,238.70 to a high of $1,244.80. They gained 0.6% on Tuesday — marking their best close since July 12, and they rose 1.1% on Monday.
Silver for March delivery declined 5.8 cents, or 0.4%, to settle at $14.582 an ounce. Silver futures traded between $14.49 and $14.62. They advanced 1% on Tuesday for their strongest finish since Nov. 5, and they jumped 2% on Monday.
In PGM futures on Wednesday:
January platinum dipped $2.20, or 0.3%, to $802 an ounce, ranging from $793.30 to $805.70.
- Palladium for March delivery rose $4.20, or 0.4%, to $1,184.40 an ounce — a new record. Palladium traded between $1,176.50 and $1,198.30.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold declined $4.40, or 0.4%, to 1,235.90 an ounce.
- Silver fell 6.5 cents, or 0.5%, to $14.48 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||This Week / December||November||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||11,000||0||16,000||188,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||0||4,000||32,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||62,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||20,000||230,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,500||0||5,500||120,000|
|$1 American Eagle 1 Oz Silver Coin||0||375,000||150,000||1,645,000||15,360,000|
|Pictured Rocks 5 Oz Silver Coin*||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin*||0||0||0||0||30,000|
|Voyageurs 5 Oz Silver Coin*||0||0||0||0||30,000|
|Cumberland Island 5 Oz Silver Coin||0||0||0||0||52,500|
|Block Island 5 Oz Silver Coin||0||80,000||0||80,000||80,000|