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