Precious metals mixed it up Wednesday with gold and palladium declining and silver and platinum gaining.
Gold for June delivery moved down $11.30, or 0.7%, to settle at $1,736.30 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, June gold futures bears have the overall near-term technical advantage but recent price action does suggest a market bottom is in place and that prices can trade at least sideways in the near term. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,700.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,732.30 to a high of $1,750.70. They gained 0.9% on Tuesday and they fell 0.7% on Monday.
Silver for May delivery added 9.8 cents, or 0.4%, to end at $25.524 an ounce. Silver futures traded between $25.23 and $25.59. They surged 2.3% on Tuesday and they lost 1.8% on Monday.
In PGM futures on Wednesday:
-
July platinum added $20.30, or 1.8%, to $1,177.40 an ounce, ranging from $1,158.10 to $1,188.
- Palladium for June delivery declined $17.50, or 0.7%, to $2,679.40 an ounce, trading between $2,667 and $2,700.
US Mint Bullion Sales in 2021
United States Mint bullion sales increased Wednesday by 3,000 ounces in American Gold 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 | February Sales | March Sales | April Sales | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 3,000 | 13,000 | 6,500 | 121,000 | 55,500 | 19,500 | 387,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 9,000 | 0 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 20,000 | 0 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 0 | 55,000 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 3,500 | 5,000 | 16,000 | 33,500 | 8,500 | 119,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 596,000 | 367,000 | 3,191,500 | 4,087,000 | 963,000 | 13,016,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | N/A | 35,000 | 0 | 35,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 50,000 | 0 | N/A | N/A | 50,000 | 50,000 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
