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 |
