Precious metals were little changed Wednesday with gold rising slightly and silver, platinum and palladium falling very modestly.
Gold for June delivery added $8.30, or 0.5%, to settle at $1,784.30 an ounce on the Comex division of the New York Mercantile Exchange.
Gold "seems stuck spinning its wheels between $1,700 and $1,800 at the moment," MarketWatch quoted Colin Cieszynski, chief market strategist at SIA Wealth Management.
Near term, "with economies tracking toward wider re-openings, the biggest potential catalyst for gold may be if we get another rally in commodities that causes inflation to spike."
Gold futures ranged from a low of $1,769.30 to a high of $1,785.70. They shed 0.9% on Tuesday and they climbed 1.4% on Monday, registering their best finish since April 21.
Silver for May delivery gave back 3.6 cents, or 0.1%, to settle at $26.522 an ounce. Silver futures traded between $26.16 and $26.71. They fell 1.5% on Tuesday and they soared 4.2% on Monday, marking their highest close since Feb. 25.
In PGM futures on Wednesday:
July platinum dipped $3, or 0.2%, to $1,228.80 an ounce, ranging from $1,214.50 to $1,245.
- Palladium for June delivery declined $4.80, or 0.2%, to $2,972.80 an ounce, trading between $2,952.50 and $3,010. On Monday, palladium ended at a record settlement of $2,981.40 an ounce.
US Mint Bullion Sales in 2021
U.S. 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 / This Week||Last Week||February Sales||March Sales||April Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||7,500||121,000||55,500||38,500||406,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||9,000||0||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||20,000||0||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||55,000||0||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,000||16,000||33,500||11,000||122,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||3,191,500||4,087,000||1,053,000||13,106,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||N/A||35,000||0||35,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||N/A||N/A||50,000||50,000|