Prices for precious metals futures ended mixed Tuesday as silver and platinum gained while gold and palladium declined. Silver registered a new, more than 13-month high.
Gold for August delivery lost $5.20, or 0.4%, to settle at $1,421.70 an ounce on the Comex division of the New York Mercantile Exchange.
"You’ve seen a sharp upward move over the past weeks in gold. The momentum seems to have been lost and some short-term investors have looked to take those healthy profits ahead of the U.S. Federal Reserve decision next week," Reuters quoted Capital Economics analyst Ross Strachan.
Logging a seventh increase in eight sessions, silver for September delivery rose 6.5 cents, or 0.4% to settle at $16.476 an ounce. The settlement was the highest since June 15, 2018 when prices closed at $16.48 an ounce. Silver futures traded between $16.20 and $16.58. They gained 1.3% on Monday.
In other precious metals futures Tuesday:
October platinum added $8.90, or 1%, to $861.60 an ounce, ranging from $847.40 to $862.90.
- Palladium for September delivery shed $10.60, or 0.7%, to $1,518.60 an ounce, trading between $1,511.70 and $1,528.10.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $2.20, or 0.2%, to $1,425.55 an ounce.
- Silver rose 4.5 cents, or 0.3%, to $16.43 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 a combined 1,000 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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Tuesday / This Week||Last Week||June||July||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||500||500||4,500||1,000||79,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||2,000||21,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||28,000|
|$5 American Eagle 1/10 Oz Gold Coin||5,000||5,000||5,000||15,000||160,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||3,000||500||48,000|
|$1 American Eagle 1 Oz Silver Coin||0||75,000||1,035,000||337,000||10,359,000|
|American Memorial Park 5 Oz Silver Coin||0||0||0||0||78,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||40,000|