In futures trading Tuesday, gold edged lower while silver, platinum and palladium advanced. Palladium logged another record.
Gold for June delivery shed $1.30, or 0.07%, to settle at $1,778.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold investors will be watching for any indications from the Fed as to whether they’re seeing any longer-term sustainable inflation," Reuters quoted Jeffrey Sica, founder of Circle Squared Alternative Investments.
The Fed’s two-day monetary policy meeting ends Wednesday afternoon.
Gold futures ranged from a low of $1,773.90 to high of $1,785.90. They rose 0.1% on Monday.
Silver for May delivery climbed 20.1 cents, or 0.8%, to settle at $26.410 an ounce. Silver futures traded between $26.10 and $26.52. They moved up 0.5% on Monday.
In other precious metals futures Tuesday:
July platinum rose $4.30, or 0.4%, to $1,249.50 an ounce, ranging from $1,238.20 to $1,261.80.
- Palladium for June delivery tacked on $43.30, or 1.5%, to a record settlement of $2,952.60 an ounce. Palladium prices traded between $2,888 and $2,962.50.
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||Last Week||This Week||February Sales||March Sales||April Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||11,500||2,500||121,000||55,500||33,500||401,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||9,000||0||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||0||20,000||0||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||0||55,000||0||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||1,000||16,000||33,500||10,000||121,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||0||3,191,500||4,087,000||1,053,000||13,106,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||N/A||35,000||0||35,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||N/A||N/A||50,000||50,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0||0|