Gold futures closed lower Tuesday after climbing in the previous two sessions and reaching an almost 10-week high.
Gold for February delivery shed $4.80, or 0.4% to settle at $1,210.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices ended the U.S. day session modestly lower Tuesday, on some profit taking from the shorter-term futures traders and on a technical correction after poking to another two-month high overnight," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.
Gold futures ranged from a low of $1,207.90 to a high of $1,220.10. They gained 0.9% on Monday, and finished at their highest price since Nov. 17.
Ending almost flat, silver for March delivery lost one-tenth of a cent to settle at $17.185 an ounce. Silver futures traded between $17.10 and $17.31. Like gold, they advanced 0.9% in the previous session.
In rounding out precious metals action:
April platinum advanced $27.90, or 2.9%, to $1,007.80 an ounce, ranging from $982.40 to $1,008.70.
- Palladium for March delivery surged $24.35, or 3.2%, to $795.85 an ounce, trading between $773.25 and $798.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Monday PM to Tuesday PM:
- Gold added $3.95, or 0.3%, to $1,216.80 an ounce.
- Silver dipped 3.5 cents, or 0.2%, to $17.105 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
United States Mint bullion sales were unchanged as of 3:59 p.m. ET. Below is a sales breakdown of U.S. 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|
|$100 American Eagle 1 Oz Platinum Coin||0||–||13,300||–||13,300|
|$50 American Eagle 1 Oz Gold Coin||0||14,500||4,000||23,000||74,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||3,000||18,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||4,000||0||2,000||34,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||10,000||15,000||40,000||110,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,000||1,500||12,500||28,000|
|$1 American Eagle 1 Oz Silver Coin||0||825,000||150,000||240,000||4,722,500|
|2016 Shawnee 5 Oz Silver Coins*||–|
|2016 Cumberland Gap 5 Oz Silver Coin*||–|
|2016 Harpers Ferry 5 Oz Silver Coin||0||0||100||0|
|2016 Theodore Roosevelt 5 Oz Silver Coin*||–||800||–|
|2016 Fort Moultrie 5 Oz Silver Coin||0||0||0||0|