Precious Metals Decline Wednesday, April 28

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Precious metals declined Wednesday with losses ranging from 0.3% for gold to 3% for platinum. Palladium lost nearly 0.8% following to straight settlement records.

Gold for June delivery settled down $4.90 to $1,773.90 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver prices are moderately lower in midday U.S. trading Wednesday but up from daily lows, as some profit taking from the shorter-term futures traders was featured after recent gains. Some normal backing and filling on the charts has also occurred this week," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,761.80 to high of $1,776.80. They dipped 0.07% on Tuesday and they rose 0.1% on Monday.

Silver for May delivery dropped 32.5 cents, or 1.2%, to settle at $26.085 an ounce. Silver futures traded between $25.84 and $26.33. They climbed 0.8% on Tuesday and they moved up 0.5% on Monday.

In PGM futures on Wednesday:

  • July platinum declined $37.30 to $1,212.20 an ounce, ranging from $1,207.50 to $1,235.80.

  • Palladium for June delivery lost $22.40 to $2,930.20 an ounce, trading between $2,897 and $2,947.50.

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 February Sales March Sales April Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 11,500 2,500 121,000 55,500 33,500 401,000
$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 0 500 1,000 16,000 33,500 10,000 121,000
$1 American Eagle 1 Oz Silver Coin 0 0 0 3,191,500 4,087,000 1,053,000 13,106,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 N/A 35,000 0 35,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 N/A N/A 50,000 50,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 0
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