Precious Metals Gain Wednesday, Dec. 22

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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

 

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