Precious metals futures changed modestly Wednesday as platinum declined and gold, silver and palladium gained.
Gold for August delivery — the new, most-active contract — rose $3.80, or 0.3%, to settle at $1,286.30 an ounce on the Comex division of the New York Mercantile Exchange.
"U.S. and world equity markets are under selling pressure at mid-week, amid some geopolitical concerns that are prompting just a bit of safe-haven demand for gold," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily note.
Gold futures ranged from a low of $1,283.80 to a high of $1,290.30. They fell 0.5% in starting the trading week on Tuesday.
Silver for July delivery finished up 9.1 cents, or 0.6%, to $14.411 an ounce. Silver futures traded between $14.32 and $14.45. They declined 1.6% on Tuesday, ending at their lowest price since Nov. 30.
In PGM futures on Wednesday:
July platinum shed $5.40, or 0.7%, to $791.70 an ounce, ranging from $790.80 to $800.90.
- Palladium for September delivery gained $7.20, or 0.5%, to $1,343.90 an ounce, trading between $1,322.80 and $1,344.90.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold roe $3.35, or 0.3%, to $1,281.65 an ounce.
- Silver declined 10.5 cents, or 0.7%, to $14.375 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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Wednesday||Last Week||This Week||March||April||May||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||1,500||1,000||8,500||6,500||3,500||74,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||1,000||0||19,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||2,000||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||0||15,000||25,000||5,000||140,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,000||0||5,500||6,500||3,000||44,500|
|$1 American Eagle 1 Oz Silver Coin||0||566,000||140,000||850,000||1,196,000||866,000||8,987,000|
|American Memorial Park 5 Oz Silver Coin||0||78,000||0||N/A||78,000||78,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||4,000||6,500||N/A||40,000|