Gold and silver futures ended at new, nearly three-month highs Tuesday. Gold’s gain was a fourth in a row.
Gold for April delivery added $4, or 0.3%, to end at $1,236.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Nov. 10 when prices closed at $1,266.40 an ounce.
"The precious metals bulls worked to shrug off a stronger U.S. dollar today, which had kept the metals bulls somewhat subdued overnight and in very early U.S. trading," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "The near-term chart postures for gold and silver markets have significantly improved recently, which have the bulls feeling more comfortable than they have been in months."
Gold futures ranged from a low of $1,229.20 to a high of $1,237.50. They gained 1% in the previous session.
Higher for a third straight session, silver for March delivery added 6.3 cents, or 0.4%, to $17.756 an ounce. The settlement is also the highest since Nov. 10, when silver finished at $18.737 an ounce. Silver futures traded between $17.56 and $17.80.
In rounding out precious metals trading:
April platinum dipped $1.20, or 0.1%, to $1,012.90 an ounce, ranging from $1,006.20 to $1,018.
- Palladium for March delivery declined $9.85, or 1.3%, to $764.45 an ounce, trading between $745.80 and $774.10.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Monday PM to Tuesday PM:
- Gold rose $4.25, or 0.4%, to $1,231 an ounce.
- Silver was flat at $17.60 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 advances included 2,500 ounces in gold coins and 176,000 ounces in silver coins. 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||Jan Sales||Feb Sales||2017 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||20,000||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||500||8,000||2,500||86,500||4,000||95,000|
|$25 American Eagle 1/2 Oz Gold Coin||1,000||0||1,000||19,000||1,000||20,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||36,000||0||36,000|
|$5 American Eagle 1/10 Oz Gold Coin||5,000||10,000||5,000||125,000||10,000||135,000|
|$50 American Buffalo 1 Oz Gold Coin||1,000||4,000||2,500||32,000||5,000||37,000|
|$1 American Eagle 1 Oz Silver Coin||125,000||230,000||250,000||5,127,500||250,000||5,377,500|
|2017 Effigy Mounds 5 Oz Silver Coin||10,200||–||17,700||100||17,700||17,700|
|2016 Shawnee 5 Oz Silver Coins*||–|
|2016 Cumberland Gap 5 Oz Silver Coin*||–|
|2016 Harpers Ferry 5 Oz Silver Coin||0||0||0||100||0||0|
|2016 Theodore Roosevelt 5 Oz Silver Coin*||–||800||–|
|2016 Fort Moultrie 5 Oz Silver Coin||0||0||0||0||0||0|
This article was edited to include updated U.S. Mint sales figures.