Precious metals advanced together Tuesday, marking gains ranging from 0.5% for both gold and palladium to 1.9% for platinum. Silver was in the middle, rising 0.9%.
Gold for April delivery gained $7 to settle at $1,298.10 an ounce on the Comex division of the New York Mercantile Exchange.
"A lower U.S. dollar index on this day and a mild U.S. inflation report are also friendly for the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Gold and silver bulls have regained some technical strength this week."
Earlier Tuesday, the U.S. Labor Department said consumer prices in February rose 0.2% and annual inflation rose 1.5% for the slowest pace since September 2016.
Gold futures ranged from a low of $1,292 to a high of $1,299.80. They slipped 0.6% on Monday.
Silver for May delivery added 13.9 cents to close at $15.413 an ounce. Silver futures traded between $15.31 and $15.49. They declined 0.5% on Monday.
In other precious metals prices Tuesday:
April platinum advanced $15.10 to $831.90 an ounce, ranging from $819.40 to $838.
- Palladium for June delivery added $8 to $1,490 an ounce, trading between $1,488 and $1,508.90.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM
- Gold rose $4.30, or 0.3%, to $1,297.05 an ounce.
- Silver added 15 cents, or 1%, to $15.445 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
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||January||February||March||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||1,500||27,100||2,400||1,500||31,000|
|$50 American Eagle 1 Oz Gold Coin||0||1,500||5,500||44,500||11,000||7,000||62,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||15,000||1,000||0||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||4,000||20,000||0||4,000||24,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||90,000||10,000||5,000||105,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||3,500||23,500||6,000||4,000||33,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||779,000||4,017,500||2,157,500||779,000||6,954,000|
|Lowell 5 Oz Silver Coin||0||N/A||39,000||N/A||39,000||39,000|