Gold edged lower for a second session Tuesday as gloomy euro zone economic factors propped the U.S. dollar which pressured gold and other precious metals prices.
Gold prices for August delivery shed $1.20, or 0.1%, to settle at $1,576.20 an ounce on the Comex in New York. Gold bracketed intraday prices of $1,567.80 and $1,584.00.
"Gold is mostly taking its cues from the euro-dollar. Volume is pretty decent, suggesting there are good underlying bids here," Reuters quoted Jonathan Jossen, an independent COMEX gold options floor trader.
In other major New York precious metals futures:
Silver prices for September delivery closed at $26.811 an ounce, falling 23.1 cents or 0.9%. Silver traded between an intraday low of $26.575 and a high of $27.145.
Platinum prices for October delivery declined $12.30, or 0.9%, to $1,386.60 an ounce, ranging from $1,378.50 to $1,406.00.
- Palladium prices for September delivery fell $9.35, or 1.6%, to $561.60 an ounce, moving between $555.90 and $574.70.
London Precious Metals
Earlier fixed London precious metals were mixed on the day. When comparing the London PM Fix prices:
- Gold gained $11.00, or 0.7%, to $1,583.25 an ounce,
- Silver dipped 2.0 cents, or 0.1%, to $26.93 an ounce,
- Platinum added $2.00, or 0.1%, to $1,395.00 an ounce, and
- Palladium advanced $4.00, or 0.7%, to $569.00 an ounce
U.S. Mint Bullion Coin Sales
Making a lone ascent among U.S. bullion coins were one ounce American Gold Eagles. Rising 1,000 for a second straight day, the two-day total doubles U.S. Mint gold bullion sales from last week.
The following are the latest daily, July and year-to-date bullion coin sales totals as published by the U.S. Mint.
|US Mint American Eagle and Buffalo Bullion Coin Sales|
|Daily Gains||July Gains||YTD 2012|
|$50 American Gold Eagle Coins||1,000||19,000||304,000|
|$25 American Gold Eagle Coins||0||0||56,000|
|$10 American Gold Eagle Coins||0||2,000||54,000|
|$5 American Gold Eagle Coins||0||0||175,000|
|$50 American Buffalo Gold Coins||0||1,500||76,500|
|American Eagle Silver Coins||0||1,468,000||18,860,000|
|America the Beautiful 5 Oz. Bullion Silver Coin Sales|
|Daily Gains||July Gains||All-Time Total|
|2012 El Yunque National Forest 5 oz. Silver Coins||0||1,700||11,600|
|2012 Chaco Culture National Historical Park 5 oz. Silver Coins||0||2,700||5,900|
|2011 Olympic National Park 5 oz. Silver Coins||0||100||85,300|
|2011 Vicksburg National Military Park 5 oz. Silver Coins||0||200||38,800|
|2011 Chickasaw Park 5 oz. Silver Coins||0||200||31,100|
The above U.S. Mint bullion coin sales are in coin totals, not the amount of ounces sold.