Precious metals futures registered mostly modest gains Tuesday. Gold climbed for a ninth time in ten sessions, but failed in returning to the fifteen-week high settlement level reached on Friday.
Gold for August delivery rose $1.90, or 0.1%, to settle at $1,331.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Early selling pressure that was tied to keener trader/investor risk appetite this week gave way to some bargain hunting following recent losses in the yellow metal," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A slightly lower U.S. dollar index today and U.S. stock indexes backing down a bit also worked in favor of the precious metals market bulls."
Gold futures ranged from a low of $1,323.60 to a high of $1,333.80. They fell 1.3% on Monday. On Friday, they ended at their highest price since Feb. 20.
Silver for July delivery added 10.1 cents, or 0.7%, to close at $14.74 an ounce. Silver futures traded between $14.63 and $14.79.
In other precious metals futures Tuesday:
July platinum gained $9.10, or 1.1% to $814.30 an ounce, ranging from $800.40 to $815.90.
- Palladium for September rose $2.40, or 0.2%, to $1,389.20 an ounce, trading between $1,372 and $1,396.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $4.30, or 0.3%, to $1,324.30 an ounce.
- Silver fell 5 cents, or 0.3%, to $14.695 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 rose by 2,000 ounces in American Gold Eagles and by 326,500 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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Tuesday / This Week||Last Week||April||May||June||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||2,000||500||6,500||3,500||2,500||76,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||1,000||0||0||19,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||0||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||25,000||5,000||5,000||145,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,000||6,500||3,000||1,000||45,500|
|$1 American Eagle 1 Oz Silver Coin||326,500||223,500||1,196,000||866,000||550,000||9,537,000|
|American Memorial Park 5 Oz Silver Coin||0||0||N/A||78,000||0||78,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||6,500||N/A||0||40,000|