All but silver registered increases Wednesday, though gains in gold and palladium were modest. Palladium’s advance was its first in six sessions.
Gold for April delivery rose $4.90, or 0.3%, to settle at $1,721.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is still taking cues from the Treasury market and today’s data lessens worries about near-term inflation," Reuters quoted Edward Moya, senior market analyst at OANDA. "If today’s 10-year note sale has decent demand, gold prices could eventually make a run towards $1,730. … The $1,700 level will provide key support … but that should hold unless the bond market sell-off resumes," Moya said.
Gold futures ranged from a low of $1,705.60 to a high of $1,724.20. They gained 2.3% on Tuesday and they fell 1.2% on Monday, for their lowest settlement since April 3.
Silver for May delivery settled down 5.3 cents, or 0.2% to $26.13 an ounce. Silver futures traded between $25.61 and $26.31. They soared 3.6% on Tuesday and they edged 0.07% lower on Monday, for their lowest settlement since Jan. 15.
In PGM futures on Wednesday:
April platinum advanced $26.40, or 2.3%, to $1,201.80 an ounce, ranging from $1,155.20 to $1,206.60.
- Palladium for June delivery added $1, or 0.04%, to $2,293.20 an ounce, trading between $2,273.50 and $2,301.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold dipped 70 cents, or 0.04%, to $1,716.20 an ounce.
- Silver declined 11 cents, or 0.4%, at $25.645 an ounce.
US Mint Bullion Sales in 2021
United States Mint bullion sales increased Wednesday by 1,000 ounces in American Gold Eagles; 4,500 ounces in American Platinum Eagles; and 189,000 ounces in American Silver Eagles.
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||January Sales||February Sales||March Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||6,500||6,500||191,000||121,000||13,000||325,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||22,000||9,000||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||20,000||0||36,000||0||20,000||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||10,000||0||55,000||95,000||0||55,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||11,000||0||61,500||16,000||11,000||88,500|
|$1 American Eagle 1 Oz Silver Coin||189,000||761,000||1,000,000||4,775,000||3,191,500||1,761,000||9,727,500|
|$100 American Eagle 1 Oz Platinum Coin||4,500||30,500||4,500||N/A||N/A||35,000||35,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||0||0|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||0||0|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||0||0|
|Marsh Billings 5 oz Silver Coin*||0||0||0||0||0||0||0|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||0||0||0||0||0|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0||0|