Gold futures on Tuesday scored their second straight session increase, for their fifth win in six sessions, and ended at a new 6-week high.
Gold for February delivery inched up 60 cents, or less than 0.1%, to end at $1,185.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Nov. 29.
"Anxiety is creeping back, investors want to play safe and the yellow metal provides them this safety," MarketWatch quoted Naeem Aslam, chief market analyst at ThinkMarkets.
Gold futures ranged from a low of $1,180.20 to a high of $1,190.60. They climbed 1% in the previous session.
Also higher for a second day in a row, silver for March delivery advanced 16.5 cents, or 1%, to close at $16.848 an ounce. The settlement is the highest since Dec. 14. Silver futures traded between $16.57 and $16.96. In their start to the week on Monday, they moved up 1%.
In rounding out precious metals action:
-
April platinum edged up 20 cents to $982.80 an ounce, ranging from $970.80 to $985.40.
- Palladium for March delivery settled up $8.10, or 1.1%, to $765.25 an ounce, trading between $756.60 and $765.80.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Monday PM to Tuesday PM:
- Gold rose $11, or 0.9%, to $1,189.50 an ounce.
- Silver added 14.5 cents, or 0.9%, to $16.665 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 2017
U.S. Mint bullion sales advanced by 7,500 ounces in gold coins, with splits of 5,500 ounces in American Gold Eagles and 2,000 ounces in American Gold Buffalos. These follow sharp increases on Monday when the Mint released its 2017-dated American Eagle and Buffalo bullion coins.
Below is a sales breakdown of U.S. Mint bullion products with columns listing 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 | This Week | Dec Sales | Jan Sales | |
| $50 American Eagle 1 Oz Gold Coins | 4,000 | – | 50,000 | 23,000 | 50,000 |
| $25 American Eagle 1/2 Oz Gold Coins | 1,000 | 0 | 17,000 | 3,000 | 17,000 |
| $10 American Eagle 1/4 Oz Gold Coins | 2,000 | – | 28,000 | 2,000 | 28,000 |
| $5 American Eagle 1/10 Oz Gold Coins | 5,000 | – | 80,000 | 40,000 | 80,000 |
| $50 American Buffalo 1 Oz Gold Coins | 2,000 | 0 | 22,500 | 12,500 | 22,500 |
| $1 American Eagle 1 Oz Silver Coins | 0 | – | 3,747,500 | 240,000 | 3,747,500 |
| 2016 Shawnee 5 Oz Silver Coins* | – | ||||
| 2016 Cumberland Gap 5 Oz Silver Coins* | – | ||||
| 2016 Harpers Ferry 5 Oz Silver Coins | 0 | 0 | 0 | 100 | 0 |
| 2016 Theodore Roosevelt 5 Oz Silver Coins* | – | 800 | – | ||
| 2016 Fort Moultrie 5 Oz Silver Coins | 0 | 0 | 0 | 0 | 0 |
