In precious metals Wednesday, palladium declined while gold, silver and platinum gained. Silver’s increase was its first in four sessions, and follows its more than two-month settlement low.
Gold for April delivery rose $5.90, or 0.3%, to settle at $1,890.70 an ounce on the Comex division of the New York Mercantile Exchange.
"The precious metals markets are getting a very modest boost from slightly friendly outside markets on this day that include a slightly lower U.S. dollar index and firmer crude oil prices. However, gains in both metals were limited by rising U.S. Treasury yields today," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,881.40 and $1,898.90. They climbed 0.3% on Tuesday and they rose 0.2% on Monday.
Silver for March delivery tacked on 24.3 cents, or 1.1%, to end at $22.42 an ounce. Silver futures ranged from $22.20 to $22.56. They dipped 0.3% on Tuesday, for their lowest close since Nov. 30, and they lost 0.8% on Monday.
In PGM futures on Wednesday:
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April platinum edged up $1, or 0.1%, to $987.20 an ounce, trading between $975.80 and $996.80.
- Palladium for March delivery lost $5.60, or 0.3%, to $1,635.90 an ounce, ranging from $1,624.50 to $1,674.50.
US Mint Bullion Sales in 2023
Published United States Mint bullion coin sales were unchanged on Wednesday. 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) | ||||
|---|---|---|---|---|
| Last Week | January Sales | This Week / February | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 13,500 | 118,000 | 9,000 | 127,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 2,000 | 37,000 | 1,000 | 38,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 10,000 | 62,000 | 2,000 | 64,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 115,000 | 65,000 | 180,000 |
| $50 American Buffalo 1 Oz Gold Coin | 5,500 | 59,000 | 5,000 | 64,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 3,949,000 | 450,000 | 4,399,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 |
