Gold, silver and platinum futures declined Tuesday. Palladium, meanwhile, bounced 0.4% after falling 2.1% on Monday. Gold’s loss brought prices down to an almost four-month low.
Gold for June delivery declined $4.40, or 0.3%, to finish at $1,273.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the weakest for a most active contract since the close at $1,273 an ounce on Dec. 26.
"Growth worries that had weighed on risk sentiment and supported gold have largely faded," Reuters quoted Julius Baer analyst Carsten Menke, adding sentiment in financial markets was positive.
"That’s why the positioning on gold is also turning towards the negative side and we have not seen any inflows in exchange traded gold products."
Gold futures ranged from a low of $1,267.90 to a high of $1,278.50. They edged up 0.1% on Monday.
Silver for May delivery dropped 18.4 cents, or 1.2%, to settle at $14.791 an ounce. Silver futures traded between $14.70 and $15. They gave back 0.1% on Monday.
In other precious metals futures prices Tuesday:
July platinum fell $8.40, or 0.9%, to $893.80 an ounce, ranging from $885.30 to $906.60.
- Palladium for June delivery rose $5.80 to $1,375.60 an ounce, trading between $1,352.10 and $1,381.80.
London Precious Metals Prices
London markets shut down for Good Friday and Easter Monday holiday. In comparing fixed London gold and silver prices from Thursday PM to Tuesday PM
- Gold down 15 cents to $1,275.70 an ounce.
- Silver down 4.5 cent, or 0.3%, to $14.955 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 advanced by 4,000 ounces in American Gold 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||February||March||April||2019 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||500||2,400||4,000||2,100||35,600|
|$50 American Eagle 1 Oz Gold Coin||4,000||0||11,000||8,500||7,000||71,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||1,000||1,000||1,000||19,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||4,000||2,000||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||15,000||15,000||10,000||130,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||6,000||5,500||4,500||39,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||2,057,500||850,000||550,000||7,475,000|
|Lowell 5 Oz Silver Coin||0||0||N/A||80,000||0||80,000|