Palladium gained on Tuesday while gold, silver and platinum declined. Gold’s fall was its second in a row. Losses in silver and platinum were their third straight.
Gold for April delivery lost $13, or 0.8%, to settle at $1,725.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Both metals [gold and silver] are facing selling pressure amid only slight risk aversion in the marketplace at present, and amid bearish ‘outside markets’ today that include big declines in crude oil prices and a solidly higher U.S. dollar index," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,722.70 to a high of $1,742. They shed 0.2% on Monday.
Silver for May delivery declined 54.2 cents, or 2.1%, to settle at $25.227 an ounce. Silver futures traded between $25.09 and $25.92. They dropped 2.1% on Monday.
In other precious metals prices Tuesday:
April platinum fell $9.40, or 0.8%, to $1,174.60 an ounce, ranging from $1,169.30 to $1,197.
- Palladium for June delivery tacked on $17.10, or 0.7%, to $2,617.30 an ounce, trading between $2,560 and $2,644.50.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $9.95, or 0.6%, to $1,726.20 an ounce.
- Silver fell 12 cents, or 0.5%, at $25.62 an ounce.
US Mint Bullion Sales in 2021
United States Mint bullion sales increased Tuesday by 850,000 ounces in silver coins and a combined 28,000 ounces in gold 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||January Sales||February Sales||March Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||10,500||15,500||191,000||121,000||45,000||357,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||22,000||9,000||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||36,000||0||20,000||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||95,000||0||55,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||17,500||4,000||61,500||16,000||32,500||110,000|
|$1 American Eagle 1 Oz Silver Coin||850,000||691,000||4,775,000||3,191,500||3,302,000||11,268,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||N/A||N/A||35,000||35,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||0|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||0|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||0|
|Marsh Billings 5 oz Silver Coin*||0||0||0||0||0||0|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||0||0||0||0|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0|