Precious metals finished ahead Wednesday, with gains ranging from 0.8% for gold to 5.4% for palladium. Advances in silver, platinum and palladium were their second in a row.
Gold for February delivery rose $13.50 to settle at $1,802.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices are figuring out its year-end trading range somewhere around $1800 and that should remain intact as trading volumes decrease," MarketWatch quoted Edward Moya, senior market analyst at Oanda Corp.
Gold futures ranged from a low of $1,785.80 to a high of $1,806.30. They dipped 0.3% on Tuesday and they shed 0.6% on Monday.
Silver for March delivery added 29 cents, or 1.3%, to settle at $22.819 an ounce. Silver futures traded between $22.44 and $22.86. They climbed 1.1% on Tuesday and they fell 1.1% on Monday.
In PGM future prices on Wednesday:
January platinum rose $40.60, or 4.4%, to $968.40 an ounce, ranging from $924.70 to $970.70.
- Palladium for March delivery tacked on $96.20 to $1,889.30 an ounce, trading between $1,777 and $1,903.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales were unchanged on 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 / This Week||Last Week||October||November||December||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||14,500||135,500||125,500||41,000||1,115,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||7,000||6,000||1,000||95,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||22,000||10,000||2,000||162,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||85,000||40,000||0||490,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,500||41,000||39,500||10,500||350,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||1,076,000||1,523,500||0||28,275,000|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||75,000|
|$25 American Eagle 1 Oz Palladium Coin||0||0||0||8,700||0||8,700|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||52,900|