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|