Gold futures ended near unchanged Wednesday, slipping less than 0.1% after climbing just a bit more than that on Tuesday.
Gold for June delivery dipped 10 cents to settle at $1,295.30 an ounce on the Comex division of the New York Mercantile Exchange.
"Rallies in the U.S. stock indexes to new for-the-move highs today was a negative for the safe-haven metals, but selling interest was tempered by a drop in the U.S. dollar index," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.
Gold futures traded from a low of $1,292.70 to a high of $1,299. They gained less than 0.1% on Tuesday and fell 0.3% on Monday — ending at their lowest point since March 11.
Silver for May delivery added 4.1 cents, or 0.3%, to settle at $15.102 an ounce. Silver futures ranged from $15.00 to $15.16. They declined 0.3% on Tuesday and lost less than 0.1% on Monday. Last Thursday, prices settled at $14.973 an ounce for their worst close since Dec. 24.
In PGM futures on Wednesday:
July platinum tacked on $21.70, or 2.6%, to $874.20 an ounce, trading between $855 and $875.40.
- Palladium for June delivery dropped $22.20, or 1.6%, to $1,378.10 an ounce, ranging from $1,351 to $1,413.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM
- Gold rose 15 cents to $1,290.45 an ounce.
- Silver added 14 cents, or 0.9%, to $15.165 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 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 / April||February||March||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||1,000||600||2,400||4,000||34,100|
|$50 American Eagle 1 Oz Gold Coin||0||1,000||1,000||11,000||8,500||65,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||1,000||17,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||0||4,000||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||5,000||10,000||15,000||120,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||2,000||6,000||5,500||37,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||539,500||2,157,500||850,000||7,564,500|
|Lowell 5 Oz Silver Coin||0||0||0||N/A||80,000||80,000|