Gold and platinum prices held steady with slight increases on Tuesday, but silver and palladium both took a hit, experiencing noticeable losses.
Gold for June delivery increased by $4.70, or 0.2%, to settle at $2,004.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold in morning trading saw some upside from bargain hunters buying the early dip and as U.S. Treasury yields have declined this week. However, a higher U.S. dollar index and lower crude oil prices today are negative influences on the metals markets," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged within $1,986.20 to $2,014.50, after rising by 0.5% on Monday.
Meanwhile, silver for May delivery dropped 42.9 cents, or 1.7%, to settle at $24.882 an ounce. Silver futures traded between $24.53 and $25.44, after increasing by 1% on Monday.
In other precious metals Tuesday:
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July platinum inched up by 50 cents, or 0.05%, to $1,098.20 an ounce, ranging within $1,077 to $1,106.30.
- Palladium for June delivery tumbled $53.50, or 3.5%, to $1,480.90 an ounce, trading between $1,465 and $1,540.50.
US Mint Bullion Sales in 2023
U.S. Mint published bullion sales were unchanged on Tuesday. The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold during different time periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Tuesday / This Week | Last Week | January Sales | February | March | April | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 47,500 | 118,000 | 41,500 | 211,000 | 122,000 | 492,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 37,000 | 8,000 | 1,000 | 8,000 | 54,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 62,000 | 12,000 | 10,000 | 12,000 | 96,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 115,000 | 85,000 | 10,000 | 35,000 | 245,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 22,000 | 59,000 | 19,500 | 73,000 | 57,000 | 208,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 450,000 | 3,949,000 | 900,000 | 900,000 | 900,000 | 6,649,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | N/A | N/A | 7,500 | 500 | 8,000 |
