Gold futures pushed ahead Tuesday for their fifth consecutive session increase, and marked a fresh, more than three-month settlement high.
Gold for August delivery inched up 80 cents, or less than 0.1%, to settle at $1,328.70 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since Feb 25.
"From a technical point of view the recovery above the psychological threshold of $1,300 represents a first positive element, while the strength shown in the last 48 hours, with the rally up to $1,330 is confirming the bullish scenario," MarketWatch quoted Carlo Alberto De Casa, chief analyst at broker ActivTrades.
"The next target could now be the resistance area of $1,350-$1,370, a level which has always stopped gold in the last 4 years," he said.
Gold futures ranged from a low of $1,324.70 to a high of $1,334.10. They advanced 1.3% on Monday.
Silver for July delivery rose 2.9 cents, or 0.2%, to end at $14.769 an ounce. Silver futures traded between $14.64 and $14.83. They gained 1.2% on Monday.
In other precious metals futures Tuesday:
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July platinum declined $1.80, or 0.2%, to $819.10 an ounce, ranging from $816 to $825.40.
- Palladium for September delivery surged $25.80, or 2%, to $1,340.80 an ounce, trading between $1,311.10 and $1,349.60.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold added $7.15, or 0.5%, to $1,324.25 an ounce.
- Silver added 1.5 cents, or 0.1%, to $14.72 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
United States Mint bullion sales were unchanged. 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 | Last Week | This Week / June | April | May | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,000 | 500 | 6,500 | 3,500 | 74,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 0 | 19,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 26,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 5,000 | 25,000 | 5,000 | 145,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 1,000 | 6,500 | 3,000 | 45,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 140,000 | 223,500 | 1,196,000 | 866,000 | 9,210,500 |
| American Memorial Park 5 Oz Silver Coin | 0 | 0 | 0 | N/A | 78,000 | 78,000 |
| Lowell 5 Oz Silver Coin* | N/A | N/A | 80,000 | |||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 6,500 | N/A | 40,000 | ||
