Precious metals futures on Wednesday advanced together for a second day in a row. Gains ranged from 0.5% for gold to 1.8% platinum. Palladium posted its sixth consecutive record settlement.
Gold for February delivery rose $6.90 to settle at $1,475 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures ranged from a low of $1,466.90 to a high of $1,477.40. They gained 0.2% on Tuesday and they dipped 0.01% on Monday, marking their lowest settlement since Nov. 27.
Silver for March delivery tacked on 14.7 cents, or 0.9%, to settle at $16.849 an ounce. Silver futures traded between $16.65 and $16.91. They moved up 0.4% on Tuesday and they ticked 0.3% higher on Monday.
In PGM futures on Wednesday:
-
January platinum settled up $16.90 to $939.50 an ounce, ranging from $915.80 to $947.50.
- Palladium for March delivery added $16, or 0.9%, to a record settlement of $1,885.10 an ounce. Palladium traded between $1,865 and $1,892.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold rose $1.85, or 0.1%, to $1,466.80 an ounce.
- Silver shed 1.5 cents, or 0.09%, to $16.66 an ounce.
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 / This Week | Last Week | November | December | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 500 | 8,000 | 500 | 106,500 |
| $25 American Eagle 1/2 Oz Gold Coin* | 0 | 0 | 5,000 | 0 | 30,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 2,000 | 0 | 38,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 0 | 195,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 5,000 | 0 | 60,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 463,000 | 0 | 14,863,500 |
| Frank Church River of No Return Wilderness 5 Oz Silver Coin | 0 | 5,000 | 20,000 | 5,000 | 25,000 |
| San Antonio Missions 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 55,200 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 72,500 |
| American Memorial Park 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 80,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | |||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | |||
