Most precious metals futures rose Tuesday, led by palladium. Gold slid lower for a second day in a row but is down just 0.4% on the week so far.
Gold for February delivery declined $2.20, or 0.2%, to settle at $1,247.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, February gold futures bulls have the overall near-term technical advantage. A four-week-old price uptrend is in place on the daily bar chart," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the July high of $1,284.10. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at $1,225.00."
Gold futures ranged from a low of $1,245.80 to a high of $1,255.10. They lost 0.3% on Monday.
Elsewhere, silver for March delivery gained 2.3 cents, or 0.2%, to settle at $14.628 an ounce. Silver futures traded between $14.60 and $14.82. They slipped 0.6% on Monday.
In other precious metals prices Tuesday:
January platinum added $3.40, or 0.4%, to $785.50 an ounce, ranging from $780.10 to $791.30.
- Palladium for March delivery advanced $18.60, or 1.6%, to $1,177.30 an ounce, trading between $1,161 and $1,184.90.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold was unchanged at 1,245.35 an ounce.
- Silver rose 11 cents, or 0.8%, to $14.64 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2018
United States Mint bullion sales advanced by a combined 2,000 ounces in American Eagle and Buffalo gold coins and 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||November||December||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||1,000||0||16,000||1,000||189,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||4,000||0||32,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||0||62,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||20,000||0||230,000|
|$50 American Buffalo 1 Oz Gold Coin||1,000||0||5,500||1,000||121,000|
|$1 American Eagle 1 Oz Silver Coin||75,000||150,000||1,645,000||225,000||15,435,000|
|Pictured Rocks 5 Oz Silver Coin*||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin*||0||0||0||0||30,000|
|Voyageurs 5 Oz Silver Coin*||0||0||0||0||30,000|
|Cumberland Island 5 Oz Silver Coin||0||0||0||0||52,500|
|Block Island 5 Oz Silver Coin||0||0||80,000||0||80,000|