Precious metals were mixed Wednesday with gold and platinum closing slightly higher and silver and palladium finishing a bit lower.
Gold for April delivery rose $1.10, or less than 0.1%, to settle at $1,315.10 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures ranged from a low of $1,308.10 to a high of $1,321.70. They climbed 0.2% on Tuesday and shed 0.5% on Monday.
Elsewhere, silver for March delivery gave back 3.8 cents, or 0.2%, to close at $15.652 an ounce. Silver futures traded between $15.52 and $15.80. They ended flat on Tuesday and declined 0.8% on Monday.
"Buying interest in both metals [gold and silver] was limited by a higher U.S. dollar index today, as well as firmer U.S. stock indexes that hit two-month highs," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "However, the sellers remain timid due to the near-term bullish technical postures for both gold and silver."
In PGM futures on Wednesday:
April platinum added $2.20, or 0.3%, to $791.80 an ounce, ranging from $787.40 to $796.50.
- Palladium for March delivery declined $2.80, or 0.2%, to $1,372.60 an ounce, trading between $1,370 and $1,388. They logged a record settlement of $1,375.40 an ounce on Tuesday.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM
- Gold added $2.80, or 0.2%, to $1,312.80 an ounce.
- Silver fell 11.5 cents, or 0.7%, to $15.695 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
United States Mint bullion sales picked up by a combined 2,000 ounces in American Eagle and Buffalo gold coins and by 125,000 ounces in American Silver Eagles.
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||January||February||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||900||0||27,100||1,400||28,500|
|$50 American Eagle 1 Oz Gold Coin||1,000||3,500||1,000||44,500||5,500||50,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||15,000||1,000||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||20,000||0||20,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||85,000||5,000||90,000|
|$50 American Buffalo 1 Oz Gold Coin||1,000||3,000||2,000||23,500||5,000||28,500|
|$1 American Eagle 1 Oz Silver Coin||125,000||255,000||675,000||4,017,500||960,000||4,977,500|