Precious metals ended divided Tuesday with gold and platinum higher and silver and palladium lower.
Gold for February delivery gained $4.80, or 0.4%, to settle at $1,336.70 an ounce on the Comex division of the New York Mercantile Exchange.
"There has been no fresh, major fundamental news to drive the safe-haven metal higher early this week. However, the gold charts continue to look bullish, which is inviting technically related buyers," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.
"A slumping U.S. dollar index that fell to a more-than-three-year low Tuesday also worked in favor of the precious metals market bulls," Wyckoff added.
Gold futures traded from a low of $1,330.70 to a high of $1,338.90. They dipped 0.1% on Monday.
Meanwhile, silver for March delivery fell 7.6 cents, or 0.5%, to settle at $16.913 an ounce. Silver futures ranged from $16.73 to $17.09. They lost 0.3% in the previous session.
In other precious metals prices:
April platinum added $11, or 1.1%, to $1,007.80 an ounce, trading between $993.50 and $1,013.30.
- Palladium for March delivery declined $8.05, or 0.7%, to $1,084.25 an ounce, ranging from $1,082 to $1,095.85.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $2.35, or 0.2%, to $1,332.60 an ounce.
- Silver slipped a half penny, or less than 0.1%, to $17.035 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2018
United States 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.
|US Mint Bullion Sales (# of coins)|
|Tuesday||Last Week||This Week||December||2017 Sales||2018 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||3,500||4,500||38,000||228,500||35,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||2,000||3,000||37,000||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||4,000||64,000||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||10,000||10,000||25,000||395,000||80,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,500||2,500||14,000||99,500||23,500|
|$1 American Eagle 1 Oz Silver Coin||0||250,000||250,000||742,000||18,065,500||3,020,000|