Precious metals futures on Wednesday advanced together for a second day in a row. Gains ranged from 0.5% for gold to 1.8% platinum. Palladium posted its sixth consecutive record settlement.
Gold for February delivery rose $6.90 to settle at $1,475 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures ranged from a low of $1,466.90 to a high of $1,477.40. They gained 0.2% on Tuesday and they dipped 0.01% on Monday, marking their lowest settlement since Nov. 27.
Silver for March delivery tacked on 14.7 cents, or 0.9%, to settle at $16.849 an ounce. Silver futures traded between $16.65 and $16.91. They moved up 0.4% on Tuesday and they ticked 0.3% higher on Monday.
In PGM futures on Wednesday:
January platinum settled up $16.90 to $939.50 an ounce, ranging from $915.80 to $947.50.
- Palladium for March delivery added $16, or 0.9%, to a record settlement of $1,885.10 an ounce. Palladium traded between $1,865 and $1,892.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold rose $1.85, or 0.1%, to $1,466.80 an ounce.
- Silver shed 1.5 cents, or 0.09%, to $16.66 an ounce.
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||November||December||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||500||8,000||500||106,500|
|$25 American Eagle 1/2 Oz Gold Coin*||0||0||5,000||0||30,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||0||38,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||0||195,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||5,000||0||60,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||463,000||0||14,863,500|
|Frank Church River of No Return Wilderness 5 Oz Silver Coin||0||5,000||20,000||5,000||25,000|
|San Antonio Missions 5 Oz Silver Coin||0||0||0||0||55,200|
|War in the Pacific 5 Oz Silver Coin||0||0||0||0||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|