Gold Declines Wed., Jan. 27, for Fifth Straight Loss

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Precious metals registered losses Wednesday that ranged from 0.3% for gold to 2.6% for platinum. Gold’s decline was its fifth in a row.

Gold for February delivery fell $6 to settle at $1,844.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Jan. 19.

Gold was "pushed back and forth … by strength in the dollar Index, which is bearish, and a fall in the 10-year Treasury yield, which is bullish" for the metal, Brien Lundin, editor of Gold Newsletter, told MarketWatch. They’re "just the same kind of daily crosswinds that will create wiggles in gold’s long-term uptrend."

Gold futures ranged from a low of $1,835.20 to a high of $1,851.50. They shed 0.2% on Tuesday and they slipped 0.05% on Monday.

Silver for March delivery fell 14.9 cents, or 0.6%, to settle at $25.389 an ounce. Silver futures traded between $25.02 and $25.55. They gained 0.2% on Tuesday and they lost 0.3% on Monday.

In PGM futures on Wednesday:

  • April platinum closed down $28.40 to $1,079 an ounce, ranging from $1,064.10 to $1,108.

  • Palladium for March delivery gave back $14.50, or 0.6%, to $2,310.50 an ounce, trading between $2,304 and $2,332.50.

London Precious Metals Prices (LBMA)

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

  • Gold fell $13.60, or 0.7%, to $1,843 an ounce.
  • Silver declined 21.5 cents, or 0.9%, to $25.185 an ounce.

US Mint Bullion Sales in 2021

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 December 2020 Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 16,000 59,000 48,500 747,500 191,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 5,000 2,000 70,000 22,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 8,000 0 106,000 36,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 0 350,000 95,000
$50 American Buffalo 1 Oz Gold Coin 0 29,500 0 10,500 242,000 56,000
$1 American Eagle 1 Oz Silver Coin 0 100,000 0 751,000 30,089,500 4,775,000
America Samoa 5 oz Silver Coin* 0 0 0 0 45,000 0
Weir Farm 5 oz Silver Coin* 0 0 0 0 45,000 0
Salt River Bay 5 oz Silver Coin* 0 0 0 0 45,000 0
Marsh Billings 5 oz Silver Coin* 0 0 0 0 45,000 0
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 45,000 0
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 56,500 0
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