Precious metals futures declined Tuesday, led by silver which sank 2.4% and marked its first loss in six sessions.
Gold for December delivery lost $10.70, or 0.8%, to settle at $1,279.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Safe haven flows into the yen and gold has fallen a little bit because of improved risk appetite in the market," Reuters quoted OCBC analyst Barnabas Gan. "Some risk aversion is taken off the table simply because some concerns of the North Korean attack has eased."
Gold futures traded from a low of $1,272.70 to a high of $1,287.70. They declined 0.3% in their start to the week on Monday.
Silver for September delivery tumbled 40.8 cents to $16.714 an ounce. Silver futures ranged from $16.58 to $17.07. They gained 0.3% in the previous session to settle at their best level since June 14.
In rounding out precious metals dealings:
October platinum fell $7.50, or 0.8%, to $967.40 an ounce, trading between $954.70 and $973.
- Palladium for September delivery lost $6.10, or 0.7%, to $892.05 an ounce, ranging from $878.85 to $898.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $12, or 0.9%, to 1,270.30 an ounce.
- Silver fell 8 cents, or 0.5%, to $16.89 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
United States Mint bullion sales were unchanged as of 3:01 p.m. ET. 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||July||August||YTD|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||0||4,500||0||13,500||4,500||160,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||0||1,000||28,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||0||52,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||30,000||0||290,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,000||0||6,000||2,000||74,000|
|$1 American Eagle 1 Oz Silver Coin||0||110,000||125,000||2,320,000||235,000||14,788,500|
|2017 Effigy Mounds 5 Oz Silver Coin||0||0||0||0||0||35,000|
|2017 Frederick Douglass 5 Oz Silver Coin||0||0||0||0||0||20,000|
|2017 Ozark Riverways 5 Oz Silver Coin||0||0||0||0||0||20,000|