Most precious metals futures posted gains Tuesday. Gold was an exception, sliding slightly as the U.S. dollar climbed against other world currencies.
Gold for June delivery slipped $1.20, or less than 0.1%, to settle at $1,349.50 an ounce on the Comex division of the New York Mercantile Exchange.
Gold was held back Tuesday "first and foremost because of a dollar recovery, and secondly because of the equity market rally, which has reduced the appeal of safe-haven assets," MarketWatch quoted Fawad Razaqzada, technical analyst at Forex.com. "However, with the Syrian and Russian situations lurking in the background, the dips remain shallow — for now, anyway."
Gold futures traded between $1,340.20 and $1,352.20. On Monday, they rose 0.2%.
Advancing for the eighth time in nine sessions, silver for May delivery gained 11 cents, or 0.7%, to settle at $16.787 an ounce. Silver futures ranged from $16.57 to $16.80. They edged up 0.1% on Monday.
In rounding out precious metals prices on Tuesday:
-
July platinum moved up $8.20, or 0.9%, to $940 an ounce, trading between $925 and $940.50.
- Palladium for June delivery added $1.25, or 0.1%, to $1,005 an ounce, ranging from $975.20 to $1,007.30.
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 were unchanged. 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 | Last Week | This Week | March | April | 2018 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 2,000 | 500 | 2,500 | 2,500 | 46,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 16,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 26,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 10,000 | 0 | 95,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 500 | 1,000 | 1,000 | 29,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 125,000 | 275,000 | 915,000 | 610,000 | 5,702,500 |
| Pictured Rocks 5 Oz Silver Coin | 0 | 0 | 0 | 10,000 | 0 | 30,000 |
| Apostle Islands 5 Oz Silver Coin | 0 | N/A | 30,000 | N/A | 30,000 | 30,000 |
Well, palladium has certainly taken off like a rocket and left platinum in its contrails! I for one did not expect that after palladium’s recent performance, i.e., pricing weakness of late; who knew?
What caused silver to go over the $16.99 barrier today!? (Wednesday, April 18) . At this moment it is up 44-cents at $17.20.
-NumisdudeTX
*i still say *platinum will be higher than all! But only they-know when.
p.s, does anyone know who *they are? *smile.