Gold and Silver Decline Tuesday, April 3

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Gold Bullion and Gold Bars
Gold futures shed 0.7% on Tuesday, April 3

For a second Tuesday in a row, precious metals futures ended in opposite directions from their start on Monday with gold, silver and platinum lower and palladium higher.

Gold for June delivery declined $9.60, or 0.7%, to settle at $1,337.30 an ounce on the Comex division of the New York Mercantile Exchange.

"I attribute today’s gold price fall as profit-taking after yet another failed attempt to break past the double top around $1354," MarketWatch quoted Chintan Karnani, chief market analyst at Insignia Consultants.

Gold futures traded from a low of $1,332.70 to a high of $1,346.60. They advanced 1.5% on Monday.

Silver for May delivery dropped 28 cents, or 1.7%, to close at $16.392 an ounce. Silver futures ranged from $16.34 to $16.61. The surged 2.5% on Monday.

In rounding out precious metals futures:

  • July platinum lost $5.20, or 0.6%, to $931.30 an ounce, trading between $921.50 and $940.80.

  • Palladium for June delivery edged up 30 cents to $927.80 an ounce, ranging from $925.20 to $939.50.

LBMA bullion prices are available on the LBMA website with a delay of midnight.

US Mint Bullion Sales in 2018

United States Mint bullion sales advanced by 210,000 ounces in American Silver Eagles. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Tuesday / April Last Week February March 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 20,000 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 0 5,000 2,500 43,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 26,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 5,000 10,000 95,000
$50 American Buffalo 1 Oz Gold Coin 0 0 3,500 1,000 28,500
$1 American Eagle 1 Oz Silver Coin 210,000 285,000 942,500 915,000 5,302,500
Pictured Rocks 5 Oz Silver Coin 0 10,000 20,000 10,000 30,000

 

This article was edited to included updated U.S. Mint bullion figures

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