Precious metals moved ahead for a second straight session on Wednesday, after falling on Monday. Their gains ranged from 0.5% for silver to 3.2% for platinum.
Gold for February delivery rose $10.50, or 0.6%, to settle at $1,825.10 an ounce on the Comex division of the New York Mercantile Exchange.
“The safe-haven metals are getting some support from a bit more risk aversion in the general marketplace at mid-week. A lower U.S. dollar index and higher crude oil prices are also bullish outside market forces working in favor of the metals bulls today,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,812.70 to a high of $1,830.70. They climbed 0.8% on Tuesday and they fell 1.6% on Monday, for their lowest settlement since Dec. 21.
Silver for March delivery tacked on 11.4 cents to settle at $23.17 an ounce. Silver futures traded between $22.89 and $23.30.
They advanced 1.1% on Tuesday and they dropped 2.3% on Monday, also for their lowest close since Dec. 21.
In PGM futures on Wednesday:
April platinum jumped $30.70 to $1,001.90 an ounce, ranging from $966.20 to $1,004.80.
- Palladium for March delivery rose $42.90, or 2.3%, to $1,902.60 an ounce, trading between $1,844.50 and $1,924.50.
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)|
|Tuesday / 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|