Palladium advanced for another record Wednesday while gold, silver and platinum declined. Gold’s loss was its first in eleven sessions.
Gold for February delivery fell $14.10, or 0.9%, to settle at $1,560.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Expectations are that we’re not going to see a war, so you might see some softness. The rest of the catalysts remain in place for gold," Reuters quoted Edward Moya, a senior market analyst at OANDA.
"We could see some weakness down to $1,550, but in the end we are likely to see prices continue to march higher to $1,640 in the short term."
Gold futures ranged from a low of $1,553.90 to a high of $1,613.30. They rose 0.4% on Tuesday, marking their highest settlement since Apri. 9, 2013, and they gained 1.1% on Monday.
Silver for March delivery declined 22.6 cents, or 1.2%, to settle at $18.167 an ounce. Silver futures traded between $18.08 and $18.90. They moved up 1.2% on Tuesday, logging their highest close since Sept. 24, and they edged ahead 0.2% on Monday.
In PGM futures on Wednesday:
-
April platinum slipped $7.80, or 0.8%, to $963.80 an ounce, ranging from $957.20 to $982.30.
- Palladium for March delivery surged $47.10, or 2.3%, to a record settlement of $2,061.40 an ounce. Palladium traded between $1,990 and $2,068.50.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold rose $4.10, or 0.3%, to $1,571.95 an ounce.
- Silver gained 27.5 cents, or 1.5%, to $18.42 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 | 0 | 8,000 | 2,000 | 108,000 |
| $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 | 1,500 | 61,500 |
| $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 | 0 | 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 | |||
