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:
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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 |
