Gold gave back nearly all of its prior session gains Tuesday as the U.S. dollar rebounded, curbing the appeal of precious metals.
Gold prices for August delivery declined $9.30, or 0.6%, to $1,579.80 an ounce on the Comex in New York. Gold moved between intraday levels of $1,573.00 and $1,602.00.
"Gold was weighed down by liquidation across different sectors as metals, energy and equities are all significantly lower," Reuters quoted Phillip Streible, senior commodities broker at futures brokerage R.J. O’Brien.
U.S. stocks closed sharply lower Tuesday on uncertainty over Europe and corporate earnings fears.
In other New York precious metals futures:
Silver prices for September delivery settled down 56.2 cents, or 2.1%, to $26.882 an ounce. The white metal on the day traded between $26.760 and $27.580.
Platinum prices for October delivery declined $16.20, or 1.1%, to $1,429.70 an ounce. Platinum ranged from $1,423.00 to $1,454.60.
- Palladium prices for September delivery settled to $576.60 an ounce, falling $7.30 or 1.3%. Platinum ranged from $573.15 to $588.00.
London Precious Metals
Precious metals in London rose slightly Tuesday, except for silver which at least doubled the others in percentage. When comparing the latest London PM fixings:
- Gold gained $10.25, or 0.6%, to $1,595.25 an ounce,
- Silver jumped 33.0 cents, or 1.2%, to $27.57 an ounce,
- Platinum added $8.00, or 0.6%, to $1,449.00 an ounce, and
- Palladium rose $3.00, or 0.5%, to $585.00 an ounce
U.S. Mint Bullion Coin Sales
Sales of U.S. Mint bullion coins were unchanged Tuesday as of 3:40 PM ET. The following are the latest daily, July and year-to-date bullion coin sales totals as published by the U.S. Mint.
|Sale of US Mint American Eagle and Buffalo Bullion Coins|
|Daily Gains||July Gains||YTD 2012|
|$50 American Eagle Gold Coin||0||8,000||293,000|
|$25 American Eagle Gold Coin||0||0||56,000|
|$10 American Eagle Gold Coin||0||2,000||54,000|
|$5 American Eagle Gold Coin||0||0||175,000|
|$50 American Buffalo Gold Coin||0||1,500||76,500|
|American Eagle Silver Coin||0||755,000||18,147,000|
|Sales of America the Beautiful 5 Oz. Bullion Silver Coins|
|Daily Gains||July Gains||All-Time Total|
|2012 El Yunque National Forest 5 oz. Silver Bullion Coins||0||500||10,400|
|2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins||0||1,800||5,000|
|2011 Olympic National Park 5 oz. Silver Bullion Coins||0||100||85,300|
|2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins||0||0||38,600|
|2011 Chickasaw Park 5 oz. Silver Bullion Coins||0||0||28,900|
The above U.S. Mint bullion coin sales are in coin totals, not the amount of ounces sold.