Gold Edges Lower Wednesday, March 17

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999.9 fine gold bars and gold nuggets mar 17, 2021
Gold prices declined $3.80 on Wednesday

Gold and platinum finished lower Wednesday while silver and palladium gained. Losses in gold and platinum were their first in three sessions.

Gold for April delivery shed $3.80, or 0.2%, to settle at $1,727.10 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold has increasingly been held hostage by Treasury markets," Reuters quoted TD Securities commodity strategist Daniel Ghali.

Gold futures ranged from a low of $1,725.80 to a high of $1,736.70. They edged up 0.1% on Tuesday and they rose 0.6% on Monday.

Silver for May delivery settled up 5.5 cents, or 0.2%, to $26.058 an ounce. Silver futures traded between $25.80 and $26.14. They declined 1.1% on Tuesday and they surged 1.5% on Monday.

In PGM futures on Wednesday:

  • April platinum fell $19.80, or 1.6%, to $1,199.30 an ounce, ranging from $1,188.60 to $1,219.40.

  • Palladium for June delivery advanced $46.40, or 1.9%, to $2,538.30 an ounce, trading between $2,447 and $2,562.50.

London Precious Metals Prices (LBMA)

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

  • Gold fell $5.35, or 0.3%, to $1,729.65 an ounce.
  • Silver declined 23 cents, or 0.9%, at $25.85 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 January Sales February Sales March Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 12,500 12,000 191,000 121,000 31,000 343,000
$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 0 0 36,000 0 20,000 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 55,000 0 95,000 0 55,000 150,000
$50 American Buffalo 1 Oz Gold Coin 0 0 1,000 61,500 16,000 12,000 89,500
$1 American Eagle 1 Oz Silver Coin 0 1,000,000 561,000 4,775,000 3,191,500 2,322,000 10,288,500
$100 American Eagle 1 Oz Platinum Coin 0 4,500 0 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
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Kaiser Wilhelm

Sure and begorrah it’s the leprechaun’s gold that’s in the pot at the end of the rainbow. Happy St. Patrick’s Day to one and all no matter where you’re from! 😉

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