Gold Ends Near 2-Month High

1
Gold Changed Slightly This Week
Gold prices rose 0.6% higher on Wednesday, Dec. 30

Precious metals traded higher Wednesday. Their gains ranged from 0.6% for gold to 1.5% for both platinum and palladium. Gold ended at an almost two-month high.

Gold for February delivery tacked on $10.50 to settle at $1,893.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 6 when gold ended at $1,951.70 an ounce.

"The bigger picture is that gold is still holding up incredibly well at these price levels and the fiscal and monetary stimulus will still be there in 2021 as the pandemic is hitting hard in the U.S., Europe," Reuters quoted Bank of China International analyst Xiao Fu.

Gold futures ranged from a low of $1,879.50 to a high of $1,896.30. They edged up 0.1% on Tuesday and they shed 0.2% on Monday.

Silver for March delivery advanced 35.6 cents, or 1.4%, to settle at $26.573 an ounce. The settlement was silver’s best since it closed Sept. 18 at $27.129 an ounce. Silver futures traded between $26.26 and $26.68. They fell 1.2% on Tuesday and they surged 2.4% on Monday.

In PGM futures on Wednesday:

  • April platinum finished up $15.90 to $1,078.50 an ounce, ranging from $1,060.50 to $1,081.80.

  • Palladium for March delivery gained $34.10 to $2,378.40 an ounce, trading between $2,334 and $2,385.

London Precious Metals Prices (LBMA)

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

  • Gold added $13.30, or 0.7%, to $1,887.60 an ounce.
  • Silver rose 15.5 cents, or 0.6%, to $26.305 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 Last Week This Week October November December 2020 Sales
$50 American Eagle 1 Oz Gold Coin 0 4,000 2,000 64,500 77,000 48,500 747,500
$25 American Eagle 1/2 Oz Gold Coin 0 2,000 0 6,000 4,000 2,000 70,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 8,000 10,000 0 106,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 25,000 35,000 0 350,000
$50 American Buffalo 1 Oz Gold Coin 0 2,000 0 19,500 23,500 10,500 242,000
$1 American Eagle 1 Oz Silver Coin 0 0 0 3,397,000 4,805,000 751,000 30,089,500
America Samoa 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Marsh Billings 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 0 0 45,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 56,500

 

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Jake

Thank you! I bought palladium and platinum and I made out like a bandit this year!.. Signed the hard working American daily trader investor haha