Gold Declines Tuesday, March 23

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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
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Seth Riesling

Silver dollar pancakes! (My 4 nephews love them, or the Happy Face pancakes at IHOP).
My late uncle in St. Louis called them flapjacks.
NumisdudeTX