There was little movement Wednesday in gold and silver futures. Gold, in fact, finished unchanged for the day.
Gold for December delivery ended flat at $1,515.70 an ounce on the Comex division of the New York Mercantile Exchange.
"The main trend remains bullish, with further rallies that seems likely in the medium term, while in the short term the scenario is lateral, with prices that could draw a lateral range between $1,475 and $1,530," MarketWatch quoted Carlo Alberto De Casa, chief analyst at brokerage ActivTrades, in a Wednesday research note.
Gold futures ranged from a low of $1,506.50 to a high of $1,518.40. They rose 0.3% on Tuesday and slipped 0.8% on Monday. Last Thursday, they finished at $1,531.20 an ounce for their strongest settlement since April 11, 2013.
Silver for September delivery edged up less than a half cent to close at $17.151 an ounce. Silver futures traded between $16.97 and $17.18. They rose 1.2% on Tuesday and declined 0.3% on Monday. Last Wednesday, they closed at $17.28 an ounce for their highest settlement since ending at $17.441 an ounce on Jan. 26, 2018.
In PGM futures on Wednesday:
-
October platinum added $5.30, or 0.6%, to $858.10 an ounce, ranging from $842.60 to $859.10.
- Palladium for September dropped $24.20, or 1.6%, to $1,465.50 an ounce, trading between $1,457.20 and $1,488.50.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold declined $1.30, or 0.09%, to $1,503.25 an ounce.
- Silver added 9 cents, or 0.5%, to $17.11 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
The United States Mint sales rose by190,000 ounces in American Silver Eagles.
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 | July | August | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,500 | 2,500 | 2,500 | 5,000 | 86,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 0 | 3,000 | 1,000 | 23,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 28,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 15,000 | 0 | 160,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 0 | 500 | 1,000 | 49,000 |
| $1 American Eagle 1 Oz Silver Coin | 190,000 | 222,000 | 647,000 | 1,240,000 | 869,000 | 12,131,000 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 4,500 | 57,000 | 12,500 | 69,500 |
| American Memorial Park 5 Oz Silver Coin* | 0 | 0 | 2,000 | 0 | 2,000 | 80,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | ||||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | ||||
