Precious metals futures changed little Tuesday. Gold climbed less than 0.1%, but in doing so rebounded from a three-week low.
Gold for June delivery gained $1.20 to settle at $1,295.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Equities have turned negative here … It’s a tug of war between the equities and precious metals markets," said Bob Haberkorn, senior market strategist at RJO Futures."Gold is going to be stuck in a range-bound movement for the time being unless there is a breakdown in equity markets."
Gold futures traded from a low of $1,289.50 to a high of $1,296.40. They fell 0.3% on Monday, ending at their lowest point since March 11.
Silver for May delivery declined 3.8 cents, or 0.3%, to settle at $15.061 an ounce. Silver futures ranged from $14.90 to $15.09. Yesterday, they dipped less than 0.1%. Last Thursday, prices settled at $14.973 an ounce for their worst close since Dec. 24.
In other precious metals futures prices Tuesday:
July platinum lost $2.80, or 0.3%, to $852.50 an ounce, trading between $849.40 and $859.40.
- Palladium for June delivery advanced $8.50, or 0.6%, to $1,400.30 an ounce, ranging from $1,364.80 to $1,408.50.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM
- Gold fell $3.20, 0.3%, to $1,290.30 an ounce.
- Silver declined 4.5 cents, or 0.3%, to $15.025 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 climbed up by a combined 1,000 ounces in gold coins, by 500 ounces in platinum coins, and by 276,500 ounces in silver coins.
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 / April||February||March||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||500||1,000||600||2,400||4,000||34,100|
|$50 American Eagle 1 Oz Gold Coin||0||1,000||1,000||11,000||8,500||65,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||1,000||17,000|
|$10 American Eagle 1/4 Oz Gold Coin||2,000||0||2,000||0||4,000||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||5,000||10,000||15,000||120,000|
|$50 American Buffalo 1 Oz Gold Coin||500||0||2,000||6,000||5,500||37,000|
|$1 American Eagle 1 Oz Silver Coin||276,500||0||539,500||2,157,500||850,000||7,564,500|
|Lowell 5 Oz Silver Coin||0||0||0||N/A||80,000||80,000|