Gold, silver and platinum futures gained Wednesday while palladium declined. Gold’s gain was the first in four sessions.
Gold for December delivery tacked on $8.20, or 0.6%, to settle at $1,495.70 an ounce on the Comex division of the New York Mercantile Exchange.
"The bulls have the overall near-term technical advantage but a seven-week-old downtrend is still in place on the daily bar chart," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note. "Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,525.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at the October low of $1,465.00."
Gold futures ranged from a low of $1,490.70 to a high of $1,499.40. They dipped 0.04% on Tuesday and they declined 0.4% on Monday.
Silver for December delivery rose 8 cents, or 0.5%, to settle at $17.58 an ounce. Silver futures traded between $17.51 and $17.63. They slipped 0.6% on Tuesday and they rose 0.1% on Monday.
In PGM futures on Wednesday:
January platinum jumped $26.40, or 3%, to $922.40 an ounce, ranging from $894 to $924.
- Palladium for December delivery declined $13.90, or 0.8%, to $1,714.60 an ounce, trading between $1,703 and $1,734.60. Last Wednesday, they scored a record settlement of $1,735 an ounce.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold added $9.10, or 0.6%, to $1,494.45 an ounce.
- Silver fell 9 cents, or 0.5%, to $17.535 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 / This Week||Last Week||September||October||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||4,500||3,500||8,000||98,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||1,000||1,000||25,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||4,000||34,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||10,000||20,000||190,000|
|$50 American Buffalo 1 Oz Gold Coin||0||3,000||2,500||3,000||55,000|
|$1 American Eagle 1 Oz Silver Coin||0||408,500||1,021,000||943,500||14,233,500|
|San Antonio Missions 5 Oz Silver Coin||0||500||37,700||17,500||55,200|
|War in the Pacific 5 Oz Silver Coin||0||0||2,500||500||72,500|
|American Memorial Park 5 Oz Silver Coin*||0||0||0||0||80,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||40,000|