Palladium rose modestly on Wednesday while gold, silver and platinum finished slightly lower. Gold’s loss was its first in three sessions and follows a more than one-week settlement high.
Gold for December delivery lost $12.30, or 0.7%, to settle at $1,794.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Some technical selling pressure from the shorter-term futures traders is featured today, as the chart postures for both gold and silver have deteriorated just recently. The metals bulls need a fresh fundamental spark to ignite their enthusiasm," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,795.50 to a high of $1,808.50. They tacked on 0.7% on Tuesday, registering their highest settlement since Sept. 3, and they inched 0.1% higher on Monday.
Silver for December delivery dipped 8.4 cents, or 0.4%, to close at $23.801 an ounce. Silver futures traded between $23.67 and $23.91. They edged up 0.4% on Tuesday and they gave back 0.4% on Monday.
In PGM futures Wednesday:
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October platinum declined $8.20, or 0.9%, to $930.50 an ounce, ranging from $919.70 to $938.60.
- Palladium for December delivery gained $16, or 0.8%, to $1,991.60 an ounce, trading between $1,943 and $2,032.
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 | Last Week | This Week | August | September | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 19,500 | 9,500 | 112,000 | 29,000 | 775,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 3,000 | 21,000 | 3,000 | 80,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 6,000 | 34,000 | 6,000 | 126,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 5,000 | 50,000 | 10,000 | 340,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 10,000 | 4,500 | 27,500 | 14,500 | 250,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 750,000 | 1,475,000 | 3,930,000 | 2,225,000 | 25,165,500 |
| $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 |
