Palladium gained on Tuesday while gold, silver and platinum traded lower. Losses in gold and silver were their second straight. Silver marked a 3.5-month low. Gold, meanwhile, finished the day at a 3-week low.
Gold for June delivery dropped $28.60, or 1.7%, to settle at $1,686 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since March 8 when gold ended at $1,678 an ounce.
"The bears are confident today amid a rally in the U.S. dollar index, lower crude oil prices and rising bond yields. Chart-based bears are also pressing their case amid the very weak near-term technical postures for both metals. Furthermore, trader and investor risk appetite remains generally upbeat enough to keep the global stock markets buoyant," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,678.30 to a high of $1,714.80. They declined 1.2% on Monday.
Silver for May delivery plunged 63.4 cents, or 2.6%, to close at $24.137 an ounce. The finish was the lowest since Dec. 14 when silver settled at $24.047 an ounce. Silver futures traded between $23.98 and $24.77. They fell 1.4% on Monday.
In other precious metals futures Tuesday:
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July platinum lost $23.50, or 2%, to $1,160.60 an ounce, ranging from $1,159.20 to $1,189.90.
- Palladium for June delivery tacked on $38.30, or 1.5%, to $2,569 an ounce, trading between $2,518.50 and $2,604.
US Mint Bullion Sales in 2021
United States Mint bullion sales were unchanged Tuesday. 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 | 0 | 10,500 | 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 | 0 | 17,500 | 61,500 | 16,000 | 32,500 | 110,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 850,000 | 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 |
The largest silver mine in the world is in Mexico…they need to send some up here instead of being “greedy”…so close & yet so far away.
NumisdudeTX