Precious Metals Fall Modestly Wednesday, Dec. 29


Precious metals retreated slightly on Wednesday, marking losses ranging from 0.3% for gold to 1.1% for silver. Silver’s loss was its first in six sessions.

Meanwhile, gold for February delivery shed $5.10 to settle at $1,805.80 an ounce on the Comex division of the New York Mercantile Exchange.

“Gold and silver prices are lower in midday trading but well up from their session lows. A lower U.S. dollar index today has helped lift the two metals up from their daily lows. However, profit taking by the shorter-term futures traders, rising U.S. Treasury yields and weaker crude oil prices on this day are price-negatives outweighing the positives,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,789.10 and $1,808. They rose 0.1% on Tuesday and they dipped 0.2% on Monday.

Silver for March delivery fell 26.3 cents to close at $22.858 an ounce. Silver prices ranged from $22.61 to $23.19. They gained 0.6% on Tuesday, for their highest settlement since Nov. 24, and they edged 0.2% higher on Monday.

In PGM future prices on Wednesday:

  • April platinum lost $9.80, or 1%, to $970 an ounce, trading between $960 and $979.30.

  • Palladium for March delivery gave back $13.60, or 0.7%, to $1,987 an ounce, ranging from $1,945 to $1,996.50.

US Mint Bullion Sales in 2021

Published United States Mint bullion 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. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Wednesday / This Week Last Week October November December 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 135,500 125,500 41,000 1,115,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 7,000 6,000 1,000 95,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 22,000 10,000 2,000 162,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 85,000 40,000 0 490,000
$50 American Buffalo 1 Oz Gold Coin 0 0 41,000 39,500 10,500 350,500
$1 American Eagle 1 Oz Silver Coin* 0 0 1,076,000 1,523,500 0 28,275,000
$100 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 75,000
$25 American Eagle 1 Oz Palladium Coin* 0 0 0 8,700 0 8,700
Tuskegee Airmen 5 oz Silver Coin* 0 0 0 0 0 52,900

 



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Deb Morgan has been a coin collector since she was young. She loves researching and reporting news about the numismatic community, and also about bullion coins, including silver, gold, platinum and palladium.

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