All but silver registered increases Wednesday, though gains in gold and palladium were modest. Palladium’s advance was its first in six sessions.
Gold for April delivery rose $4.90, or 0.3%, to settle at $1,721.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is still taking cues from the Treasury market and today’s data lessens worries about near-term inflation," Reuters quoted Edward Moya, senior market analyst at OANDA. "If today’s 10-year note sale has decent demand, gold prices could eventually make a run towards $1,730. … The $1,700 level will provide key support … but that should hold unless the bond market sell-off resumes," Moya said.
Gold futures ranged from a low of $1,705.60 to a high of $1,724.20. They gained 2.3% on Tuesday and they fell 1.2% on Monday, for their lowest settlement since April 3.
Silver for May delivery settled down 5.3 cents, or 0.2% to $26.13 an ounce. Silver futures traded between $25.61 and $26.31. They soared 3.6% on Tuesday and they edged 0.07% lower on Monday, for their lowest settlement since Jan. 15.
In PGM futures on Wednesday:
-
April platinum advanced $26.40, or 2.3%, to $1,201.80 an ounce, ranging from $1,155.20 to $1,206.60.
- Palladium for June delivery added $1, or 0.04%, to $2,293.20 an ounce, trading between $2,273.50 and $2,301.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Tuesday PM to Wednesday PM:
- Gold dipped 70 cents, or 0.04%, to $1,716.20 an ounce.
- Silver declined 11 cents, or 0.4%, at $25.645 an ounce.
US Mint Bullion Sales in 2021
United States Mint bullion sales increased Wednesday by 1,000 ounces in American Gold Eagles; 4,500 ounces in American Platinum Eagles; and 189,000 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 | January Sales | February Sales | March Sales | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 6,500 | 6,500 | 191,000 | 121,000 | 13,000 | 325,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 22,000 | 9,000 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 20,000 | 0 | 36,000 | 0 | 20,000 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 10,000 | 0 | 55,000 | 95,000 | 0 | 55,000 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 11,000 | 0 | 61,500 | 16,000 | 11,000 | 88,500 |
| $1 American Eagle 1 Oz Silver Coin | 189,000 | 761,000 | 1,000,000 | 4,775,000 | 3,191,500 | 1,761,000 | 9,727,500 |
| $100 American Eagle 1 Oz Platinum Coin | 4,500 | 30,500 | 4,500 | N/A | N/A | 35,000 | 35,000 |
| America Samoa 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Weir Farm 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Salt River Bay 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Marsh Billings 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tallgrass Prairie 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
