Precious metals registered gains on Wednesday that ranged from 0.2% for palladium to 2.6% for silver. Gold’s advance was its second straight.
Gold for February delivery climbed $15.60, or 0.9%, to settle at $1,798 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are higher in midday U.S. trading Wednesday, boosted by declines in the U.S. dollar index and in U.S. Treasury yields on this today. The overall near-term technical postures for gold and silver remain bullish, which is also inviting the chart-based traders to the long sides of these markets,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,780.50 and $1,803.20. They rose 0.06% on Tuesday and they fell 1.6% on Monday.
Silver for March delivery jumped 58.7 cents to settle at $22.922 an ounce. Silver futures ranged from $22.25 and $23.01. They shed 0.4% on Tuesday and they dropped 3.6% on Monday.
In PGM futures on Wednesday:
-
January platinum gained $16.10, or 1.6%, to $1,011.50 an ounce, trading between $985.50 and $1,024.90.
- Palladium for March delivery added $2.80 to $1,854.30 an ounce, ranging from $1,839 to $1,882.50.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales last changed on Nov. 21. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Wednesday / December | July | August | September | October | November | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 59,500 | 47,500 | 47,500 | 59,500 | 6,000 | 846,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 5,000 | 2,000 | 0 | 2,000 | 0 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 4,000 | 4,000 | 2,000 | 0 | 140,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 20,000 | 20,000 | 15,000 | 15,000 | 0 | 575,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 39,500 | 22,500 | 44,500 | 39,500 | 4,500 | 410,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 850,000 | 850,000 | 833,000 | 1,258,000 | 1,407,000 | 15,904,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 15,500 | 1,000 | 0 | 0 | 0 | 80,000 |
Just a couple of dollars and eight cents for silver.
So close today. Watch the prices drop tomorrow.
December 8th, gold is above $1,800 and silver $23 an ounce.