Gold and silver futures marked their first gains in three sessions. Palladium also advanced on Tuesday, while platinum declined.
Gold for December delivery rose $4.10, or 0.3%, to settle at $1,515.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold bulls are engaged in a fierce battle to defend the $1500 psychological level as investors seek riskier assets," MarketWatch quoted Lukman Otunuga, senior research analyst at brokerage FXTM.
Gold futures ranged from a low of $1,503 to a high of $1,518.80. They slipped 0.8% on Monday. Last Thursday, they finished at $1,531.20 an ounce for their strongest settlement since April 11, 2013.
Silver for September delivery tacked on 20.8 cents, or 1.2%, to close at $17.148 an ounce. Silver futures traded between $16.83 and $17.17. They declined 0.3% on Monday. Last Wednesday, they closed at $17.28 an ounce for their highest settlement since ending at $17.441 an ounce on Jan. 26, 2018.
In other precious metals futures Tuesday:
October platinum declined $4, or 0.5%, to $852.80 an ounce, ranging from $847.10 to $858.50.
- Palladium for September added $15.40, or 1%, to $1,489.70 an ounce, trading between $1,469.80 and $1,490.90.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold rose $7.95, or 0.5%, to $1,504.55 an ounce.
- Silver added 9.5 cents, or 0.6%, to $17.02 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
The United States Mint sales rose by 2,500 ounces in gold coins and by 489,500 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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Tuesday / This Week||Last Week||July||August||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||2,500||1,500||2,500||5,000||86,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||3,000||1,000||23,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||0||28,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||15,000||0||160,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||500||1,000||49,000|
|$1 American Eagle 1 Oz Silver Coin||457,000||222,000||1,240,000||679,000||11,941,000|
|War in the Pacific 5 Oz Silver Coin||4,500||0||57,000||12,500||69,500|
|American Memorial Park 5 Oz Silver Coin*||2,000||0||0||2,000||80,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||40,000|