Gold Dips Tuesday, April 27; Palladium Hits New Record

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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
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Kaiser Wilhelm

“Palladium hits new record” is beginning to sound like deja vu all over again.