Gold declined Tuesday for a third straight day as a stronger U.S. dollar curbed the appeal of precious metals.
Gold prices lost $7.20, or 0.4%, to $1,717.70 an ounce in the April futures contract on the Comex in New York. Gold moved from an intraday low of $1,713.80 to a high of $1,729.90.
"We saw gold reacting to the dollar, rallying close to flat this morning, but as the dollar has rallied we’ve seen gold sell off," MarketWatch quoted Tom Essaye, editor of the 7:00’s Report, a daily commentary on equity and commodity markets and the economy.
Silver prices for March delivery fell 37.4 cents, or 1.1%, to $33.348 an ounce, trading between $33.255 and $33.845.
Platinum prices for April delivery declined $21.70, or 1.3%, to $1,628.00 an ounce, moving from $1,624.00 to $1,653.20.
Palladium prices for March delivery ended down $11.30, or 1.6%, to $687.25 an ounce, ranging from $683.10 to $700.50.
London Precious Metals
London precious metals were mixed Tuesday, with gold up $2.00 to $1,722.00 an ounce and the other major metals down. Losses included silver by 33.0 cents to $33.51 an ounce, platinum by $35.00 to $1,628.00 an ounce and palladium by $16.00 to $686.00 an ounce.
U.S. Mint Bullion Coins
U.S. Mint bullion coin sales were unchanged Tuesday, but they did rise later Monday. Previous day gains included 1,500 for the American Gold Eagle; 500 for the American Gold Buffalo; and 25,000 for the American Silver Eagle. The latest U.S. Mint bullion sales figures follow.
|Sales of U.S. Mint American Eagle and Buffalo Bullion Coins|
|Daily Gains||Feb. Gains||YTD 2012|
|American Gold Eagles (1 oz.)||0||9,500||94,000|
|American Gold Eagles (1/2 oz.)||0||0||49,000|
|American Gold Eagles (1/4 oz.)||0||2,000||40,000|
|American Gold Eagles (1/10 oz.)||0||0||85,000|
|American Gold Buffalo Coin (1 oz.)||0||2,000||15,500|
|American Silver Eagles||0||735,000||6,842,000|
|Sales of America the Beautiful 5 Oz. Silver Bullion Coins|
|Prior Weekly||Weekly Gains||All-Time Total|
|Olympic National Park 5 oz. Silver Coin||0||0||84,600|
|Vicksburg National Military Park 5 oz. Silver Coin||0||0||37,300|
|Chickasaw Park 5 oz. Silver Coin||0||0||28,100|
All bullion coin totals in the above tables are in the number of coins sold, not the amount of ounces. The latest five-ounce sales were provided by the U.S. Mint on Friday, January 27, 2012. The Mint does not publish daily sales figures for its five-ounce silver coins. However, since the last released date is more than two weeks past, there likely has not been new sales to report.