Precious metals futures ended mostly higher Tuesday. Gold and palladium scored fresh milestone highs though silver slipped from a 12-week high.
Gold for December delivery added $3.60, or 0.3%, to end at $1,318.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Sept. 29 when gold prices ended at $1,326 an ounce.
"The yellow metal was supported on news North Korea fired a ballistic missile over Japan," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "An eroding U.S. dollar index that hit another 15-month low today also lifted the precious metals markets."
Gold futures ranged from a low of $1,310.60 to a high of $1,331.90. They gained 1.3% in their start to the week on Monday.
Silver for September delivery dipped 1.5 cents, or less than 0.1%, to settle at $17.426 an ounce. Silver futures traded between $17.25 and $17.67. They rallied 2.3% in the prior session, ending at their best price since June 6.
In other precious metals futures prices:
October platinum tacked on $14.20, or 1.4%, to $1,003.50 an ounce, ranging from $991 to $1,011.50.
- Palladium for December delivery gained $11.35, or 1.2%, to $943.70 an ounce — its latest, strongest settlement since February 2001. Palladium prices traded between $932.90 and $947.
London Precious Metals Prices
London market closed Monday for a public holiday. In comparing earlier fixed London gold and silver prices from Friday PM to Tuesday PM:
- Gold added $33.35 or 2.6%, to 1,318.65 an ounce.
- Silver jumped 58 cents, or 3.4%, to $17.60 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 advanced Tuesday by 1,000 ounces in gold coins and by 350,000 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||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||500||1,500||500||13,500||6,500||162,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||0||2,000||29,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||4,000||2,000||54,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||15,000||0||30,000||15,000||305,000|
|$50 American Buffalo 1 Oz Gold Coin||500||500||500||6,000||3,000||75,000|
|$1 American Eagle 1 Oz Silver Coin||300,000||190,000||600,000||2,320,000||1,025,000||15,578,500|
|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|
|2017 Ellis Island 5 Oz Silver Coin||10,000||N/A||39,500||N/A||39,500||39,500|