In futures trading Wednesday, palladium declined while gold, silver and platinum gained for a second day in a row following several straight session losses.
Gold for December delivery tacked on $21.60, or 1.3%, to settle at $1,753.30 an ounce on the Comex division of the New York Mercantile Exchange.
"The precious metals bulls have stabilized their markets at mid-week, following recent selling pressure," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,724.30 to a high of $1,754.40. They rose 0.3% on Tuesday and they fell 2.1% on Monday, finishing at their lowest level since March 31.
In closely watched data Wednesday, the Labor Department reported that consumer prices climbed 0.5% in July from 0.9% in June. In addition, and for a second straight month, annual inflation increased 5.4% for the quickest pace since August 2008.
Elsewhere, silver for September delivery added 9.6 cents, or 0.4%, to close at $23.488 an ounce. Silver futures traded between $23.19 and $23.56. They gained 0.5% on Tuesday and they tumbled 4.4% on Monday.
In PGM futures on Wednesday:
October platinum advanced $28.60, or 2.9%, to $1,015.60 an ounce, ranging from $990 to $1,018.30.
- Palladium for September delivery declined $17.20, or 0.7%, to $2,632.80 an ounce, trading between $2,610 and $2,660.
US Mint Bullion Sales in 2021
Published 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.
|US Mint Bullion Sales (# of coins)|
|Wednesday / This Week||Last Week||June||July||August||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||15,500||158,000||49,500||15,500||649,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||15,000||10,000||0||56,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||30,000||0||0||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||15,000||90,000||40,000||15,000||295,000|
|$50 American Buffalo 1 Oz Gold Coin||0||3,000||27,500||14,500||3,000||211,000|
|$1 American Eagle 1 Oz Silver Coin||0||612,500||2,800,000||3,104,000||612,500||19,623,000|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||52,900|