Gold futures edged modestly lower Tuesday after rising on Monday for the first time in ten sessions.
Gold for April delivery dipped 50 cents, or less than 0.1%, to settle at $1,202.60 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices ended the U.S. day session slightly lower in two-sided, narrow-ranges trading Tuesday," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Mild short covering from the shorter-term traders and some bargain buying in the cash markets were offset by bearish outside markets on this day."
Gold futures ranged from a low of $1,196.90 to a high of $1,207.50. In the previous session, they climbed 0.1%.
Ending down for the fifth time in six sessions, silver for May delivery fell 4.9 cents, or 0.3%, to $16.923 an ounce, matching its settlement on Friday for the lowest close since Jan. 26. Silver futures traded between $16.87 and $17.07. They rose 0.3% on Monday.
In other precious metals futures prices Tuesday:
April platinum declined $2.30, or 0.2%, to $938.90 an ounce, ranging from $936.70 to $945.20.
- Palladium for June delivery dropped $12.75, or 1.7%, to $741.70 an ounce, trading between $740.70 and $754.50.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Monday PM to Tuesday PM:
- Gold added 40 cents, or less than or 0.1%, to $1,204.60 an ounce.
- Silver slipped 2 cents, or 0.1%, to $17.00 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 were unchanged Tuesday. 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 / This Week||Last Week||Feb Sales||Mar Sales||2017 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||0||3,500||21,000||3,500||111,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||5,000||0||24,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||4,000||0||40,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||10,000||30,000||10,000||165,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||15,000||500||47,500|
|$1 American Eagle 1 Oz Silver Coin||0||280,000||1,215,000||280,000||6,622,500|
|2017 Effigy Mounds 5 Oz Silver Coin||0||0||19,500||0||19,500|
|2016 Shawnee 5 Oz Silver Coins*||–|
|2016 Cumberland Gap 5 Oz Silver Coin*||–|
|2016 Harpers Ferry 5 Oz Silver Coin||0||0||0||0||0|
|2016 Theodore Roosevelt 5 Oz Silver Coin*||–|
|2016 Fort Moultrie 5 Oz Silver Coin||0||0||0||0||0|