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:
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|