Precious metals posted gains Wednesday that ranged from 0.2% for gold to 2.8% for platinum. Palladium scored a new record and silver finished at its best price since late August.
Gold for February delivery rose $2.80 to settle at $1,250 an ounce on the Comex division of the New York Mercantile Exchange.
"The fact that we are seeing some risk coming back to the market: the stocks are climbing, the dollar is up and the yen is weaker, does remove some of the demand in gold. But overall, it’s holding relatively well but is missing a spark to move higher," Reuters quoted Saxo Bank analyst Ole Hansen.
Gold futures ranged from a low of $1,247.10 to a high of $1,252.60. They declined 0.2% on Tuesday and they lost 0.3% on Monday.
Elsewhere, silver for March delivery jumped 22.3 cents, or 1.5%, to settle at $14.851 an ounce. The finish was the highest since silver ended at $14.859 an ounce on Aug. 27. Silver futures traded between $14.63 and $14.90. They rose 0.2% on Tuesday and they slipped 0.6% on Monday.
In PGM futures Wednesday:
January platinum advanced $21.60 to $807.10 an ounce, ranging from $785.40 to $807.70.
- Palladium for March delivery gained $17.20, or 1.5%, to $1,194.50 an ounce — a new record. Palladium prices traded between $1,174.10 and $1,195.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold dipped 5 cents, or less than 0.1%, to 1,245.30 an ounce.
- Silver rose 1.5 cents, or 0.1%, to $14.655 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||November||December||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||0||1,000||16,000||1,000||189,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||4,000||0||32,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||0||62,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||20,000||0||230,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||1,000||5,500||1,000||121,000|
|$1 American Eagle 1 Oz Silver Coin||0||150,000||75,000||1,645,000||225,000||15,435,000|
|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||0||0||52,500|
|Block Island 5 Oz Silver Coin||0||0||0||80,000||0||80,000|