Precious metals futures ended mostly higher Tuesday. Gold and silver each advanced 0.4%. Gold’s gain was its third straight while silver extended its streak of wins to four sessions in a row.
Gold for June delivery gained $5.80 to end at $1,345.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Monday, April 2.
"The weaker U.S. dollar, which is softer after news from China on lowering trade tariff tensions, is leading to a slight uptick in gold," MarketWatch quoted Jeff Wright, chief investment officer at Wolfpack Capital.
Gold futures traded from a low of $1,334.20 to a high of $1,346.20. They moved up 0.3% on Monday.
Silver for May delivery rose 6.7 cents to settle at $16.596 an ounce. Silver futures ranged from $16.41 to $16.64. They gained 1% on Monday.
In rounding out precious metals futures prices:
July platinum declined $6.30, or 0.7%, to settle at $933.10 an ounce, trading between $928 and $940.40.
- Palladium for June delivery tacked on $17.25, or 1.9%, to $949.75 an ounce, ranging from $924.60 to $954.80.
London Precious Metals Prices
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 grew by 75,000 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 / This Week||Last Week||March||April||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||0||0||2,500||0||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||10,000||0||95,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||1,000||0||28,500|
|$1 American Eagle 1 Oz Silver Coin||75,000||210,000||915,000||285,000||5,377,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||10,000||0||30,000|
This article was edited to include updated U.S. Mint bullion figures.