Gold futures changed little again Wednesday — their fourth straight modest move, and marked their third decline in a row.
Gold for June delivery shed 70 cents, or 0.05%, to settle at $1,313 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold market bulls are fighting to hold the yellow metal above critical chart support at $1,300.00, and they have been successful so far, which has stabilized the market for the time being," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily note.
"The lack of risk aversion in the marketplace at present is working against the safe-haven gold and silver markets," Wyckoff added.
Gold futures ranged from a low of $1,304.20 to a high of $1,317.20. They slipped 40 cents on Tuesday and dipped 60 cents in starting the week on Monday.
Silver for July delivery rose 6.7 cents, or 0.4%, to close at $16.539 an ounce. Silver futures traded between $16.37 and $16.57. They lost 0.1% on Tuesday and fell 0.2% on Monday.
In PGM futures on Wednesday:
-
July platinum added $4.50, or 0.5%, to $916.60 an ounce, ranging from $908.50 to $916.
- Palladium for June delivery gained $7.20, or 0.8%, to $970.60 an ounce, trading between $961.80 and $969.10.
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 Wednesday after logging their first gains of the month on Tuesday.
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 / May | 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 | 500 | 1,500 | 2,500 | 4,000 | 49,000 |
| $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 | 5,000 | 5,000 | 10,000 | 5,000 | 105,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 4,500 | 1,000 | 2,000 | 35,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 230,000 | 50,000 | 915,000 | 915,000 | 6,057,500 |
| Pictured Rocks 5 Oz Silver Coin | 0 | 0 | 0 | 10,000 | 0 | 30,000 |
| Apostle Islands 5 Oz Silver Coin | 0 | 0 | 0 | N/A | 30,000 | 30,000 |
