Silver declined in the mid-week trading session on Wednesday, marking a two-month low, while gold, platinum and palladium advanced.
Gold for February delivery rose $7.80, 0.4%, to settle at $1,784.30 an ounce on the Comex division of the New York Mercantile Exchange.
"The key outside markets are in a daily bullish posture for the metals at mid-week, as the U.S. dollar index is a bit weaker and crude oil prices are up, but well down from their daily highs. There also remains a bit of safe-haven demand for the precious metal as there is still some uncertainty and anxiety in the marketplace," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,773.70 to a high of $1,795.70. They shed 0.5% on Tuesday, ending November with a 0.4% loss and also registering the lowest settlement since Nov. 3.
Silver for March delivery fell 47.6 cents, or 2.1%, to settle at $22.339 an ounce. The settlement was the lowest since Sept. 30 when silver closed at $22.047 an ounce. Silver futures traded between $22.32 and $23.06. They declined 0.2% on Tuesday, ending November with a drop of 4.7%.
In PGM futures prices on Wednesday:
January platinum added $7.90, or 0.9%, to $935.20 an ounce, ranging from $925 to $953.50.
- Palladium for March delivery jumped $48, or 2.8%, to $1,753.50 an ounce, trading between $1,725.50 and $1,783.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Wednesday by 2,000 ounces in American Gold Eagles and 1,000 ounces in American Gold Buffalos.
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||2,000||24,000||21,500||67,500||135,500||116,500||1,067,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||4,000||7,000||6,000||94,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||2,000||8,000||22,000||10,000||160,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||35,000||85,000||40,000||490,000|
|$50 American Buffalo 1 Oz Gold Coin||1,000||8,500||5,500||24,000||41,000||39,500||341,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||448,000||2,735,000||1,076,000||1,447,000||28,198,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||0||75,000|
|$25 American Eagle 1 Oz Palladium Coin||0||0||0||0||0||8,700||8,700|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||0||52,900|