Precious metals posted losses Tuesday that ranged from 0.7% for palladium to 2.6% for platinum. Gold marked its lowest close in two-and-a-half months.
Gold for August delivery shed $17.10, or 1%, to settle at $1,763.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since gold ended April 14 at $1,736.30 an ounce.
"The safe-haven metals are being pressured by bearish near-term technical charts and not much risk aversion in the marketplace at present," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,750.10 to a high of $1,779.20. They rose 0.2% on Monday.
Silver for September delivery — the new, most-active contract — fell 35.3 cents, or 1.3%, to settle at $25.901 an ounce. The finish was the lowest since last Tuesday, June 22. Silver futures traded between $25.58 and $26.24. They climbed 0.5% on Monday.
In other precious metal prices Tuesday:
October platinum declined $28.90 to $1,070.60 an ounce, ranging from $1,060 to $1,097.70.
- Palladium for September delivery lost $18.20 to $2,681.20 an ounce, trading between $2,663.50 and $2,699.50.
US Mint Bullion Sales in 2021
United States Mint published no bullion sales 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||0||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||0||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|