Precious metals futures closed Tuesday in opposite directions from the previous day — gold, silver and platinum climbed while palladium fell. Gold’s gain was its fourth in five sessions.
Gold for August delivery edged up 50 cents, or 0.04%, to finish at $1,246.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold appears to be setting into a $1,240 to $1,260 trading range — more or less between its 50- and 200-day averages," MarketWatch quoted Colin Cieszynski, chief market strategist at CMC Markets. "It’s underlying bullish trend remains intact."
Gold futures ranged from a low of $1,241.80 to a high of 1,253.80. They slipped 0.8% on Monday.
Elsewhere, silver for July delivery added 1.6 cents, or 0.1%, to settle at $16.588 an ounce. Silver futures traded between $16.49 and $16.67. They declined 0.5% in their start to the week on Monday.
In other precious futures prices on Tuesday:
July platinum gained $2.10, or 0.2%, to $918.70 an ounce, ranging from $915.80 to $924.40.
- Palladium for September delivery declined $5.60, or 0.7%, to $858.35 an ounce, trading between $857.15 and $867.20.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold rose $4.30, or 0.4%, to $1,249.55 an ounce.
- Silver gained 13 cents, or 0.8%, to $16.66 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2017
U.S. Mint bullion sales were unchanged. 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||Last Week||This Week||May||June||YTD|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||0||2,000||500||10,000||3,500||140,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||2,000||0||27,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||0||48,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||10,000||30,000||20,000||260,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||500||5,000||1,500||65,500|
|$1 American Eagle 1 Oz Silver Coin||0||272,000||205,000||2,455,000||911,000||12,158,500|
|2017 Effigy Mounds 5 Oz Silver Coin||0||6,300||0||5,600||8,800||35,000|
|2017 Frederick Douglass 5 Oz Silver Coin||0||0||0||2,400||0||20,000|
|2017 Ozark Riverways 5 Oz Silver Coin||0||0||0||N/A/||20,000||20,000|