Precious metals futures finished divided Tuesday with gold and silver higher and platinum and palladium lower. The gains in gold and silver were their first in four sessions. Gold’s move brought it up from an almost two-week low and back above $13,000 an ounce for the first time since Thursday.
Gold for August delivery rose $4.90, or 0.4%, to settle at $1,302.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Some short covering in the futures market and bargain hunting in the cash market were featured, following recent selling pressure," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.
"The lack of risk aversion in the marketplace at present has been bearish for safe-haven gold and silver markets," Wyckoff added
Gold futures ranged from a low of $1,293.50 to a high of $1,304.80. They dipped 0.2% on Monday, ending at their lowest price since May 23.
Silver for July delivery advanced 11.2 cents, or 0.7%, to settle at $16.543 an ounce. Silver futures traded between $16.37 and $16.55. They declined less than 0.1% on Monday.
In rounding out precious metals futures dealings on Tuesday:
-
July platinum lost $2.20, or 0.2%, to $901.30 an ounce, ranging from $892.70 to $904.60.
- Palladium for September delivery declined $8.60, or 0.9%, to $985.70 an ounce, trading between $972.40 and $994.70.
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 as of 3:22 p.m. ET. 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 / June | April | May | 2018 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 10,000 | 30,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 6,000 | 0 | 4,000 | 18,500 | 66,000 |
| $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 | 18,000 | 44,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 5,000 | 10,000 | 110,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 5,000 | 2,000 | 16,500 | 52,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 50,000 | 915,000 | 380,000 | 6,437,500 |
| Pictured Rocks 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 30,000 |
| Apostle Islands 5 Oz Silver Coin | 0 | 0 | 0 | 30,000 | 0 | 30,000 |
