Gold futures pushed ahead Tuesday for their fifth consecutive session increase, and marked a fresh, more than three-month settlement high.
Gold for August delivery inched up 80 cents, or less than 0.1%, to settle at $1,328.70 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since Feb 25.
"From a technical point of view the recovery above the psychological threshold of $1,300 represents a first positive element, while the strength shown in the last 48 hours, with the rally up to $1,330 is confirming the bullish scenario," MarketWatch quoted Carlo Alberto De Casa, chief analyst at broker ActivTrades.
"The next target could now be the resistance area of $1,350-$1,370, a level which has always stopped gold in the last 4 years," he said.
Gold futures ranged from a low of $1,324.70 to a high of $1,334.10. They advanced 1.3% on Monday.
Silver for July delivery rose 2.9 cents, or 0.2%, to end at $14.769 an ounce. Silver futures traded between $14.64 and $14.83. They gained 1.2% on Monday.
In other precious metals futures Tuesday:
July platinum declined $1.80, or 0.2%, to $819.10 an ounce, ranging from $816 to $825.40.
- Palladium for September delivery surged $25.80, or 2%, to $1,340.80 an ounce, trading between $1,311.10 and $1,349.60.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold added $7.15, or 0.5%, to $1,324.25 an ounce.
- Silver added 1.5 cents, or 0.1%, to $14.72 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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Tuesday||Last Week||This Week / June||April||May||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||1,000||500||6,500||3,500||74,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||0||19,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||5,000||25,000||5,000||145,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||1,000||6,500||3,000||45,500|
|$1 American Eagle 1 Oz Silver Coin||0||140,000||223,500||1,196,000||866,000||9,210,500|
|American Memorial Park 5 Oz Silver Coin||0||0||0||N/A||78,000||78,000|
|Lowell 5 Oz Silver Coin*||N/A||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||6,500||N/A||40,000|