Precious metals gained Wednesday. Silver performed the best, rising 1.5%. Gold’s increase was its first in four sessions.
Gold for February delivery lost $7.80, or 0.4%, to settle at $1,878.10 an ounce on the Comex division of the New York Mercantile Exchange.
"The precious metals are supported in part by bullish outside markets today that see the U.S. dollar index lower and crude oil prices higher. Gains have been limited, however, as global stock markets have stabilized at mid-week after being briefly roiled early Monday on new Covid-19 worries," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,860.90 to a high of $1,883.70. They fell 0.7% on Tuesday and they gave back 0.3% on Monday.
Silver for March delivery gained 38.6 cents to settle at $25.921 an ounce. Silver futures traded between $25.18 and $25.96. They tumbled 3.2% on Tuesday and they advanced 1.3% on Monday, marking their best settlement since Sept. 18.
In PGM futures on Wednesday:
-
January platinum rose $7.70, or 0.8%, to $1,017.10 an ounce, ranging from $1,003.70 to $1,023.
- Palladium for March delivery added $16, or 0.7%, to $2,339.10 an ounce, trading between $2,313.50 and $2,349.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold fell $2.10, or 0.1%, to $1,875 an ounce.
- Silver dropped 45.5 cents, or 1.8%, to $25.315 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales were unchanged Wednesday. 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 | October | November | December | 2020 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 12,000 | 64,500 | 77,000 | 42,500 | 741,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 6,000 | 4,000 | 0 | 68,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 8,000 | 10,000 | 0 | 106,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 25,000 | 35,000 | 0 | 350,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 1,500 | 19,500 | 23,500 | 8,500 | 240,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 3,397,000 | 4,805,000 | 751,000 | 30,089,500 |
| America Samoa 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Weir Farm 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Salt River Bay 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Marsh Billings 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Tallgrass Prairie 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 45,000 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 56,500 |
