Gold and silver futures changed modestly Tuesday as investors looked more toward stocks than safe-havens.
Gold for June delivery slipped $1.80, or 0.1%, to settle at $1,264.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Investors are in a slight risk-on mode right now and it’s leaning on gold a bit," Reuters quoted James Steel, chief metals analyst for HSBC Securities in New York. "Gold is still correcting but the pace of decline appears to be moderating."
Gold prices traded from a low of $1,258.30 to a high of $1,269.50. They fell 2.1% in the prior session after surging 1.7% on Friday to a near 15-month high.
Elsewhere, silver for July delivery added 0.3 cents, or less than 0.1%, to settle at $17.092 an ounce. Silver prices ranged from $16.92 to $17.18. They plunged 2.5% on Monday.
In PGM futures on Tuesday:
July platinum gained $2.50, or 0.2%, to $1,049.30 an ounce, trading between $1,042.10 and $1,056.80.
- Palladium for June delivery added $8.10, or 1.4%, to $592.20 an ounce, ranging from $578.65 to $597.80.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $2.45, or 0.2%, to $1,262.80 an ounce.
- Silver declined 29 cents, or 1.7%, to $17.04 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Coin Sales in 2016
U.S. Mint bullion sales were unchanged for a second straight day, according to figures on the agency’s website. Below is a sales breakdown of United States Mint bullion products with columns listing the number of bullion coins sold during varying periods.
|US Mint Bullion Sales (# of coins)|
|Tuesday / This Week||Last Week||Mar Sales||Apr Sales||May Sale||2016 Sales|
|$50 American Eagle 1 Oz Gold Coins||0||11,000||29,000||93,500||11,000||290,000|
|$25 American Eagle 1/2 Oz Gold Coins||0||3,000||1,000||6,000||3,000||39,000|
|$10 American Eagle 1/4 Oz Gold Coins||0||0||4,000||14,000||0||66,000|
|$5 American Eagle 1/10 Oz Gold Coins||0||10,000||75,000||55,000||10,000||385,000|
|$50 American Buffalo 1 Oz Gold Coins||0||6,500||7,000||19,500||6,500||86,000|
|$1 American Eagle 1 Oz Silver Coins||0||1,085,500||4,106,000||4,072,000||1,085,500||20,000,000|
|2016 Shawnee 5 Oz Silver Coins||0||0||0||0||0||105,000|
|2016 Cumberland Gap 5 Oz Silver Coins||0||0||0||64,000||0||64,000|