Gold and silver futures posted modest changes for a third session in a row on Tuesday, this time edging higher.
Gold for August delivery added $1.30, or 0.1%, to settle $1,320.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is currently entangled in a fierce tug of war with U.S. rate hike expectations and risk aversion from concerns over the global economy," MarketWatch quoted Lukman Otunuga, FXTM research analyst.
Gold futures traded from a low of $1,313.60 to a high of $1,324.40. They slipped 0.3% in the previous session.
Silver for September delivery gained 3.6 cents, or 0.2%, to settle at $19.683 an ounce. Silver futures ranged from $19.49 to $19.80. They shed 0.2% in starting the week on Monday.
In other precious metals futures:
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October platinum tacked on $10.60, or 1%, to $1,099 an ounce, trading between $1,085.70 and $1,101.10.
- Palladium for September delivery added $4.05, or 0.6%, to $692.80 an ounce, ranging from $682.60 to $695.95.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold rose $9.85, or 0.8%, to $1,323 an ounce.
- Silver added 27 cents, or 1.4%, to $19.68 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
United States Mint bullion products registered daily gains of:
- 1,300 ounces in American Platinum Eagles,
- 1,500 ounces in American Gold Eagles,
- 500 ounces in American Gold Buffalos, and
- 25,000 ounces in American Silver Eagles.
Demand for American Silver Eagles has slowed in the last few weeks but their sales are still tracking a record. Their year-to-date total of 27,595,500 coins is 12.7% higher than the amount sold through same time in record-breaking year 2015.
Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold during varying periods of time.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Tuesday Sales | Last Week | This Week | June Sales | July Sales | 2016 Sales | |
| $100 American Eagle 1 Oz Platinum Coins | 1,300 | N/A | 18,400 | N/A | 18,400 | 18,400 |
| $50 American Eagle 1 Oz Gold Coins | 1,000 | 7,000 | 3,500 | 62,500 | 26,000 | 432,000 |
| $25 American Eagle 1/2 Oz Gold Coins | 0 | 0 | 0 | 3,000 | 2,000 | 48,000 |
| $10 American Eagle 1/4 Oz Gold Coins | 0 | 4,000 | 2,000 | 10,000 | 10,000 | 96,000 |
| $5 American Eagle 1/10 Oz Gold Coins | 5,000 | 15,000 | 20,000 | 70,000 | 45,000 | 550,000 |
| $50 American Buffalo 1 Oz Gold Coins | 500 | 3,5000 | 1,500 | 14,500 | 9,500 | 122,000 |
| $1 American Eagle 1 Oz Silver Coins | 25,000 | 500,000 | 150,000 | 2,837,500 | 1,345,000 | 27,595,500 |
| 2016 Shawnee 5 Oz Silver Coins | 0 | 0 | 0 | 0 | 0 | 105,000 |
| 2016 Cumberland Gap 5 Oz Silver Coins | 0 | 0 | 0 | 0 | 0 | 75,000 |
| 2016 Harpers Ferry 5 Oz Silver Coins | 0 | 0 | 0 | 34,200 | 0 | 34,200 |
