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:
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|