Platinum increased on Wednesday while gold, silver and palladium declined. Losses for gold and silver were their second in a row following two straight session gains.
Gold for December delivery lost $3.40, or 0.2%, to settle at $1,784.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Some mild profit taking from recent gains is seen in the gold market. Both metals [gold and silver] were also pressured a bit by bearish outside markets that saw a firmer U.S. dollar index that hit a 4.5-month today and by lower crude oil prices that are now trending down," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,778.80 to a high of $1,795.70. They slipped 0.1% on Tuesday and they gained 0.7% on Monday.
Silver for September delivery declined 23.7 cents, or 1%, to settle at $23.422 an ounce. Silver futures traded between $23.26 and $23.83. They shed 0.6% on Tuesday and they rose 0.5% on Monday.
In PGM futures on Wednesday:
October platinum added $2.60, or 0.3%, to $996.40 an ounce, ranging from $985.20 to $1,009.70.
- Palladium for September delivery dropped $72.30, or 2.9%, to $2,423.30 an ounce, trading between $2,412.50 and $2,538.50.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Wednesday by a combined 5,000 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.
|US Mint Bullion Sales (# of coins)|
|Wednesday||Last Week||This Week||June||July||August||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||3,000||40,000||28,000||158,000||49,500||83,500||717,500|
|$25 American Eagle 1/2 Oz Gold Coin||3,000||0||21,000||15,000||10,000||21,000||77,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||30,000||0||0||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||5,000||15,000||10,000||90,000||40,000||40,000||320,000|
|$50 American Buffalo 1 Oz Gold Coin||0||13,500||2,000||27,500||14,500||18,500||226,500|
|$1 American Eagle 1 Oz Silver Coin||0||968,500||824,000||2,800,000||3,104,000||2,405,000||21,415,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||0||52,900|