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:
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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 |
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