Gold, silver and other precious metals rebounded Tuesday. Gold claimed back exactly what it lost a day earlier.
Gold for June delivery rose $9.40, or 0.8%, to settle at $1,203.10 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices traded from a low of $1,192.50 to a high of $1,203.70.
"Gold prices ended the U.S. day session moderately higher Tuesday, boosted on some short covering in the futures market and bargain hunting in the cash," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily report. "There was also some safe-haven demand seen for gold amid mounting concerns over the Greece-EU debt impasse."
Silver for May delivery added 12 cents, or 0.8%, to settle at $16.01 an ounce. Silver prices ranged from $15.86 to $16.17. They fell on Monday by 34 cents, or 2.1%.
In PGM futures on Tuesday:
July platinum gained $3.70, or 0.3%, to $1,152.50 an ounce, trading between $1,145.40 and $1,159.80.
- Palladium for June delivery moved up $2.15, or 0.3%, to $774.55 an ounce, ranging from $770.75 to $779.
London Precious Metals Prices
London precious metals prices changed modestly, and were mixed. In comparing London bullion prices from Monday PM to Tuesday PM:
- Gold dipped $1.20, or 0.1%, to $1,195.30 an ounce,
- Silver slipped a penny, or less than 0.1%, to $16.08 an ounce,
- Platinum gained $2, or 0.2%, to $1,152 an ounce, and
- Palladium added $3, or 0.4%, to $776 an ounce.
US Mint Bullion Coin Sales in April
United States Mint bullion coins added to their gains for the week so far, outperforming prior-day numbers. Sales of the agency’s gold rose 4,500 ounces and silver coins advanced 482,000 ounces. Most silver sales came from American Silver Eagles. They were muted on Monday, the same day the U.S. Mint released the second of the five ounce 2015 America the Beautiful Silver Bullion Coins. The Kisatchie coin opened with sales of 23,000 units or 115,000 ounces. They advanced another 5,000 coins or 25,000 ounces on Tuesday.
The table below offers a listing of U.S. Mint bullion products shows the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Tuesday Sales||Last Week||Current Week||March Sales||April Sales||YTD Sales|
|$50 American Eagle 1 Oz Gold Coins||2,500||5,000||3,000||35,000||9,500||108,500|
|$25 American Eagle 1/2 Oz Gold Coins||1,000||0||1,000||5,000||3,000||28,000|
|$10 American Eagle 1/4 Oz Gold Coins||0||0||0||8,000||2,000||46,000|
|$5 American Eagle 1/10 Oz Gold Coins||0||10,000||0||70,000||20,000||255,000|
|$50 American Buffalo 1 Oz Gold Coins||1,000||1,500||1,500||9,500||7,000||63,000|
|$1 American Eagle 1 Oz Silver Coins||482,000||575,500||482,000||3,519,000||1,900,500||13,971,500|
|2015 Homestead 5 Oz Silver Coins*||–||15,000||–||35,000|
|2015 Kisatchie 5 Oz Silver Coins||5,000||N/A||28,000||N/A||28,000||28,000|