Gold, silver and palladium climbed on Wednesday while platinum declined. Gold’s increase was its first in three sessions following a seven-session win streak. The yellow metal for the day scored a more than five-month high.
Gold for December delivery tacked on $16.10, or 0.9%, to settle at $1,870.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since June 11 when gold ended at $1,879.60 an ounce.
"The underlying support for gold and silver remains the inflationary pressures we continue to see in the market," Reuters quoted David Meger, director of metals trading at High Ridge Futures.
Gold futures ranged from a low of $1,851.10 to a high of $1,870.60. They fell 0.7% on Tuesday and they dipped 0.1% on Monday.
Silver for December delivery rose 22.3 cents, or 0.9%, to settle at $25.167 an ounce. Silver futures traded between $24.85 and $25.29. They shed 0.6% on Tuesday and they lost 1% on Monday. On Friday, they ended at $25.346 an ounce for their highest finish since Aug. 4.
In PGM futures on Wednesday:
-
January platinum declined $5.40, or 0.5%, to $1,069.10 an ounce, ranging from $1,059.50 to $1,080.50.
- Palladium for December delivery added $16.90, or 0.8%, to $2,184.50 an ounce, trading between $2,149 and $2,197.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Wednesday by 4,000 ounces in American Gold Eagles and 70,500 ounces in American Silver Eagles. The U.S. Mint also published a correction, moving previously reported November sales of Platinum Eagles to Palladium 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 | September | October | November | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 4,000 | 26,000 | 23,500 | 67,500 | 135,500 | 67,000 | 1,016,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 2,000 | 2,000 | 4,000 | 7,000 | 6,000 | 94,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 4,000 | 0 | 8,000 | 22,000 | 6,000 | 156,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 15,000 | 5,000 | 35,000 | 85,000 | 30,000 | 480,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 15,500 | 7,500 | 24,000 | 41,000 | 23,000 | 323,500 |
| $1 American Eagle 1 Oz Silver Coin | 70,500 | 0 | 524,500 | 2,735,000 | 1,076,000 | 999,000 | 27,750,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 800 | 0 | 0 | 0 | 8,700 | 8,700 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 | 52,900 |
