Gold and silver futures bounced higher on improved safe-haven demand and following two straight session losses.
Gold for June delivery tacked on $10.30, or 0.8%, to settle at $1,229.60 an ounce on the Comex division of the New York Mercantile Exchange.
"Investors are taking off riskier assets in the S&P 500 and other equities, and looking to come back into safety like gold," Bloomberg News quoted Phil Streible, a senior market strategist at RJO Futures in Chicago. "Gold looks like a nice place to park some money."
Gold prices ranged from a low $1,216 to a high of $1,238.80. In the previous session, they dipped 0.3%.
Silver for May delivery added 17.2 cents, or 1.2%, to end at $15.116 an ounce. Silver prices traded between $14.92 and $15.22. On Monday, they declined 0.7% and settled at a more than one-month low.
In PGM futures on Tuesday:
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July platinum gained $8.10, or 0.9%, to $951.60 an ounce, ranging from $938.10 to $967.40.
- Palladium for June delivery declined $8.75, or 1.6%, to $543.65 an ounce, trading between $541 and $562.50.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold added $11.50, or 0.9%, to $1,231.25 an ounce.
- Silver added 23 cents, or 1.5%, to $15.19 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2016
U.S. Mint bullion sales were unchanged Tuesday as of 3:50 p.m. ET. Below is a sales breakdown of United States Mint bullion products with columns listing the number of bullion coins sold during varying periods of time.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Tuesday Sales | Last Week | This Week | Mar Sales | Apr Sales | 2016 Sales | |
| $50 American Eagle 1 Oz Gold Coins | 0 | 6,000 | 7,000 | 29,000 | 8,000 | 193,500 |
| $25 American Eagle 1/2 Oz Gold Coins | 0 | 0 | 0 | 1,000 | 0 | 30,000 |
| $10 American Eagle 1/4 Oz Gold Coins | 0 | 0 | 0 | 4,000 | 0 | 52,000 |
| $5 American Eagle 1/10 Oz Gold Coins | 0 | 25,000 | 10,000 | 75,000 | 10,000 | 330,000 |
| $50 American Buffalo 1 Oz Gold Coins | 0 | 2,000 | 500 | 7,000 | 500 | 60,500 |
| $1 American Eagle 1 Oz Silver Coins | 0 | 957,500 | 651,000 | 4,106,000 | 766,000 | 15,608,500 |
| 2016 Shawnee 5 Oz Silver Coins | 0 | 0 | 0 | 0 | 0 | 105,000 |
