Precious metals registered increases on Wednesday that ranged from 0.3% for silver to 1.6% for platinum.
Gold for December delivery gained $11.70, or 0.6%, to settle at $1,954.90 an ounce on the Comex division of the New York Mercantile Exchange.
"We are seeing some cracks in the dollar after the European Central Bank painted a little bit of a rosy picture and gold is moving higher on that," Reuters quoted Bob Haberkorn, senior market strategist at RJO Futures.
Gold futures ranged from a low of $1,926.30 to a high of $1,957.80. They rose 0.5% in starting the holiday-shortened week on Tuesday.
Silver for December delivery added 9.2 cents to close at $27.083 an ounce. Silver futures traded between $26.56 and $27.18. They advanced 1% on Tuesday.
In PGM futures on Wednesday:
October platinum climbed $14.60 to $924.90 an ounce, ranging from $899 to $927.30.
- Palladium for December delivery rose $12.40, or 0.5%, to $2,318.20 an ounce, trading between $2,269.90 and $2,326.
London Precious Metals Prices (LBMA)
In comparing London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold rose $36.25, or 1.9%, to $1,947.20 an ounce.
- Silver fell 14 cents, or 0.5%, to $26.535 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion products logged their first gains of the week and month. Advances include a combined 4,000 ounces in gold coins and 1 million ounces in silver coins.
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 / Sept.||Last Week||June||July||August||2020 Sales|
|$50 American Eagle 1 Oz Gold Coin||1,500||0||42,500||107,500||104,000**||540,500|
|$25 American Eagle 1/2 Oz Gold Coin||1,000||0||2,000||4,000||10,000**||56,000|
|$10 American Eagle 1/4 Oz Gold Coin||2,000||0||2,000||10,000||20,000**||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||10,000||0||0||35,000||70,000**||290,000|
|$50 American Buffalo 1 Oz Gold Coin||500||0||7,500||30,000||28,000**||184,500|
|$1 American Eagle 1 Oz Silver Coin||1,000,000||0||1,398,000||1,084,500||4,477,000**||19,178,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Marsh Billings 5 oz Silver Coin*||0||0||0||45,000||0||45,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||56,500|
**On Wednesday, the U.S. Mint published adjusted August sales of American Buffalo coins to 28,000 from 22,500; changed August sales of American Silver Eagles to 4,477,000 from 2,593,000; and modified August sales of American Gold Eagles with the 1-ounce size to 104,000 from 86,000; the 1/2-ounce size to 10,000 from 6,000; the 1/4-ounce size to 20,000 from 12,000; and the 1/10-ounce size to 70,000 from 30,000.