Precious Metals Rise Wednesday, Dec. 23

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Gold bullion and charts
Gold prices settled higher on Wednesday, Dec. 23

Precious metals gained Wednesday. Silver performed the best, rising 1.5%. Gold’s increase was its first in four sessions.

Gold for February delivery lost $7.80, or 0.4%, to settle at $1,878.10 an ounce on the Comex division of the New York Mercantile Exchange.

"The precious metals are supported in part by bullish outside markets today that see the U.S. dollar index lower and crude oil prices higher. Gains have been limited, however, as global stock markets have stabilized at mid-week after being briefly roiled early Monday on new Covid-19 worries," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.

Gold futures ranged from a low of $1,860.90 to a high of $1,883.70. They fell 0.7% on Tuesday and they gave back 0.3% on Monday.

Silver for March delivery gained 38.6 cents to settle at $25.921 an ounce. Silver futures traded between $25.18 and $25.96. They tumbled 3.2% on Tuesday and they advanced 1.3% on Monday, marking their best settlement since Sept. 18.

In PGM futures on Wednesday:

  • January platinum rose $7.70, or 0.8%, to $1,017.10 an ounce, ranging from $1,003.70 to $1,023.

  • Palladium for March delivery added $16, or 0.7%, to $2,339.10 an ounce, trading between $2,313.50 and $2,349.

London Precious Metals Prices (LBMA)

In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:

  • Gold fell $2.10, or 0.1%, to $1,875 an ounce.
  • Silver dropped 45.5 cents, or 1.8%, to $25.315 an ounce.

US Mint Bullion Sales in 2020

United States Mint bullion sales were unchanged Wednesday. 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 October November December 2020 Sales
$50 American Eagle 1 Oz Gold Coin 0 12,000 64,500 77,000 42,500 741,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 6,000 4,000 0 68,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 8,000 10,000 0 106,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 25,000 35,000 0 350,000
$50 American Buffalo 1 Oz Gold Coin 0 1,500 19,500 23,500 8,500 240,000
$1 American Eagle 1 Oz Silver Coin 0 0 3,397,000 4,805,000 751,000 30,089,500
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 0 0 45,000
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 0 45,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 56,500

 

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