Gold futures were nearly flat Tuesday, just down enough to extend their losing streak to four sessions in a row after having climbed for five straight.
Gold for April delivery dipped 40 cents, or less than 0.1%, to settle at $1,225.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices were ending the U.S. session slightly down Tuesday, pressured by a stronger U.S. dollar index that was supported by hawkish comments from Federal Reserve Chair Janet Yellen," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.
Gold futures ranged from a low of $1,222.70 to a high of $1,236. They shed 0.8% in starting the new trading week on Monday.
Ending higher for the third time in four sessions, silver for March delivery added 6.8 cents, or 0.4%, to $17.889 an ounce. Silver futures traded between $17.73 and $18.09. They slipped 0.6% on Monday. On Friday, they ended at their highest level since Nov. 10.
In rounding out precious metals futures:
April platinum gained $1.90, or 0.2%, to $1,002.20 an ounce, ranging from $998.70 to $1,011.90.
- Palladium for March delivery settled up $5.95, or 0.8%, to $780.90 an ounce, trading between $773.65 and $784.90.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Monday PM to Tuesday PM:
- Gold rose $8.50, or 0.7%, to $1,230.75 an ounce.
- Silver fell 6.5 cents, or 0.4%, to $17.905 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 logged increases of 5,000 ounces in gold coins and 210,000 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||2,000||10,000||4,000||86,500||15,500||102,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||4,000||0||19,000||4,000||23,000|
|$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||5,000||5,000||125,000||15,000||140,000|
|$50 American Buffalo 1 Oz Gold Coin||2,500||5,000||4,000||32,000||11,500||43,500|
|$1 American Eagle 1 Oz Silver Coin||210,000||250,000||285,000||5,127,500||535,000||5,662,500|
|2017 Effigy Mounds 5 Oz Silver Coin||0||17,700||0||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|