Gold and silver futures posted modest changes for a third session in a row on Tuesday, this time edging higher.
Gold for August delivery added $1.30, or 0.1%, to settle $1,320.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is currently entangled in a fierce tug of war with U.S. rate hike expectations and risk aversion from concerns over the global economy," MarketWatch quoted Lukman Otunuga, FXTM research analyst.
Gold futures traded from a low of $1,313.60 to a high of $1,324.40. They slipped 0.3% in the previous session.
Silver for September delivery gained 3.6 cents, or 0.2%, to settle at $19.683 an ounce. Silver futures ranged from $19.49 to $19.80. They shed 0.2% in starting the week on Monday.
In other precious metals futures:
October platinum tacked on $10.60, or 1%, to $1,099 an ounce, trading between $1,085.70 and $1,101.10.
- Palladium for September delivery added $4.05, or 0.6%, to $692.80 an ounce, ranging from $682.60 to $695.95.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold rose $9.85, or 0.8%, to $1,323 an ounce.
- Silver added 27 cents, or 1.4%, to $19.68 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Coin Sales in 2016
United States Mint bullion products registered daily gains of:
- 1,300 ounces in American Platinum Eagles,
- 1,500 ounces in American Gold Eagles,
- 500 ounces in American Gold Buffalos, and
- 25,000 ounces in American Silver Eagles.
Demand for American Silver Eagles has slowed in the last few weeks but their sales are still tracking a record. Their year-to-date total of 27,595,500 coins is 12.7% higher than the amount sold through same time in record-breaking year 2015.
Below is a sales breakdown of U.S. 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||June Sales||July Sales||2016 Sales|
|$100 American Eagle 1 Oz Platinum Coins||1,300||N/A||18,400||N/A||18,400||18,400|
|$50 American Eagle 1 Oz Gold Coins||1,000||7,000||3,500||62,500||26,000||432,000|
|$25 American Eagle 1/2 Oz Gold Coins||0||0||0||3,000||2,000||48,000|
|$10 American Eagle 1/4 Oz Gold Coins||0||4,000||2,000||10,000||10,000||96,000|
|$5 American Eagle 1/10 Oz Gold Coins||5,000||15,000||20,000||70,000||45,000||550,000|
|$50 American Buffalo 1 Oz Gold Coins||500||3,5000||1,500||14,500||9,500||122,000|
|$1 American Eagle 1 Oz Silver Coins||25,000||500,000||150,000||2,837,500||1,345,000||27,595,500|
|2016 Shawnee 5 Oz Silver Coins||0||0||0||0||0||105,000|
|2016 Cumberland Gap 5 Oz Silver Coins||0||0||0||0||0||75,000|
|2016 Harpers Ferry 5 Oz Silver Coins||0||0||0||34,200||0||34,200|