Precious metals futures rose Wednesday. Their gains ranged from 0.1% for gold to 2.3% for platinum. Silver closed at yet another fresh, more than 13-month high.
Gold for August delivery settled up $1.90 to $1,423.60 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, August gold futures prices closed near mid-range again today. The bulls have the firm overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the July high of $1,454.40."
Gold futures ranged from a low of $1,416.70 to a high of $1,430. They slipped 0.4% on Tuesday and inched up 0.01% on Monday. Last Thursday, they ended at $1,428.10 an ounce for their highest close since May 13, 2013.
Logging an eighth gain in nine sessions, silver for September delivery added 15 cents, or 0.9% to settle at $16.626 an ounce. The settlement was the highest since June 14, 2018 when prices closed at $17.262 an ounce. Silver futures traded between $16.35 and $16.68. They rose 0.4% on Tuesday and gained 1.3% on Monday.
In PGM futures on Wednesday:
-
October platinum advanced $19.50 to $881.10 an ounce, ranging from $858.90 to $882.40.
- Palladium for September tacked on $19.90, or 1.3%, to $1,538.50 an ounce, trading between $1,518 and $1,540.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold added $1.40, or 0.1%, to $1,426.95 an ounce.
- Silver rose 10.5 cents, or 0.6%, to $16.535 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
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. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Wednesday | Last Week | This Week | June | July | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 500 | 500 | 4,500 | 1,000 | 79,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 0 | 0 | 2,000 | 21,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 2,000 | 28,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 5,000 | 5,000 | 15,000 | 160,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 0 | 3,000 | 500 | 48,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 75,000 | 0 | 1,035,000 | 337,000 | 10,359,000 |
| American Memorial Park 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 78,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | ||||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | ||||
