Gold prices climbed slightly Tuesday after ending near a three-week low on Monday. Silver, platinum and palladium, however, posted sharp daily losses.
Gold for August delivery edged up 60 cents, or 0.03%, to settle at $1,799.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold saw limited selling interest amid a drop in the U.S. dollar index on this day, but silver got no benefit. In focus is the two-day meeting of the Federal Reserve’s Open Market Committee (FOMC) that began Tuesday morning and ends Wednesday afternoon with a statement," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,792.80 to a high of $1,805.40. They dipped 0.1% on Monday, marking their lowest settlement since July 6.
Silver for September delivery dropped 66.9 cents, or 2.6%, to close at $24.649 an ounce. Silver futures traded between $24.51 and $25.32. They rose 0.3% on Monday.
In other precious metals futures prices Tuesday:
October platinum declined $20.50, or 1.9%, to $1,049.50 an ounce, ranging from $1,044 to $1,069.20.
- Palladium for September delivery fell $71.40, or 2.7%, to $2,606.70 an ounce, trading between $2,587.50 and $2,670.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Tuesday by 760,000 ounces in silver coins and 10,500 ounces in gold coins.
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||May||June||July||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||6,000||4,500||20,500||158,000||49,500||634,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||15,000||10,000||56,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||30,000||0||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||40,000||0||0||90,000||40,000||280,000|
|$50 American Buffalo 1 Oz Gold Coin||500||0||44,000||27,500||14,500||208,000|
|$1 American Eagle 1 Oz Silver Coin||760,000||805,000||0||2,800,000||3,104,000||19,010,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||40,000||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||2,900||0||0||52,900|