Precious metals prices declined on Tuesday for all but palladium which climbed 0.3%. Gold’s fall was its third straight, extending its one-month settlement low.
Gold for August delivery declined $9.50, or 0.5%, to settle at $1,856.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since gold ended May 14 at $1,838.10 an ounce.
"There’s growing nervousness about rising inflation and the feeling in precious metal markets is that central banks have to start to respond a bit more aggressively to these inflationary pressures," Reuters quoted Edward Meir, and analyst at ED&F Man Capital Markets.
Gold futures ranged from a low of $1,853 to a high of $1,870.90. They lost 0.7% on Monday.
Silver for July delivery fell 34.6 cents, or 1.2%, to finish at $27.693 an ounce. Silver futures traded between $27.48 and $28.03. They dipped 0.4% on Monday.
In other precious metals futures prices Tuesday:
July platinum declined $16.70, or 1.4%, to $1,148.60 an ounce, ranging from $1,146 to $1,169.40.
- Palladium for September delivery added $8.20 to $2,764.80 an ounce, trading between $2,740 and $2,769.
US Mint Bullion Sales in 2021
The United States Mint published no sales gains on Tuesday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
|US Mint Bullion Sales (# of coins)|
|Tuesday / This Week||Last Week||March Sales||April Sales||May||June||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||4,000||55,500||38,500||20,500||4,000||430,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||0||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||20,000||0||0||0||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||55,000||0||0||0||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||7,000||33,500||11,000||44,000||7,000||173,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||4,087,000||1,053,000||0||0||13,106,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||35,000||0||40,000||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||N/A||50,000||2,900||0||52,900|