Precious metals futures advanced Wednesday. Silver was high among leaders, posting its strongest close in about twelve weeks.
Gold for June delivery gained $4, or 0.3%, to settle at $1,353.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since last Wednesday, April 11.
"We are up on safe-haven demand and a general commodities move," Reuters quoted George Gero, managing director of RBC Wealth Management, adding concerns over U.S. sanctions on Russia still remain.
"If gold can remain above the $1,350 level for a couple of days there is a good chance to see it jumping up to $1,400," he said.
Gold futures traded between $1,345 and $1,359. They dipped less than 0.1% on Tuesday. On Monday, they rose 0.2%.
Advancing for the ninth time in ten sessions, silver for May delivery soared 46.1 cents, or 2.8%, to settle at $17.248 an ounce. The settlement was the highest since Jan. 26. Silver futures ranged from $16.73 to $17.28. They rose 0.7% on Tuesday and edged up 0.1% on Monday.
In PGM futures on Wednesday:
-
July platinum added $5.80, or 0.6%, to $945.80 an ounce, trading between $938.60 and $952.30.
- Palladium for June delivery surged $29.95, or 3%, to $1,034.95 an ounce, ranging from $1,002.40 to $1,037.50.
London Precious Metals Prices
LBMA bullion prices are available on the LBMA website with a delay of midnight.
US Mint Bullion Sales in 2018
United States Mint bullion sales were unchanged. 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 | March | April | 2018 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 2,000 | 500 | 2,500 | 2,500 | 46,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 16,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 26,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 10,000 | 0 | 95,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 500 | 1,000 | 1,000 | 29,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 125,000 | 275,000 | 915,000 | 610,000 | 5,702,500 |
| Pictured Rocks 5 Oz Silver Coin | 0 | 0 | 0 | 10,000 | 0 | 30,000 |
| Apostle Islands 5 Oz Silver Coin | 0 | N/A | 30,000 | N/A | 30,000 | 30,000 |
