Precious metals futures ended from flat to nearly unchanged in their start to the new trading week on Tuesday. U.S. markets closed Monday for Presidents Day.
Gold for April delivery dipped 20 cents, or less than 0.1%, to settle at $1,238.90 an ounce on the Comex division of the New York Mercantile Exchange.
“Gold’s resilience is all the more impressive considering U.S. equities are setting record after record, while the dollar is also fairly strong,” Reuters quoted INTL FCStone analyst Edward Meir.
Gold futures ranged from a low of $1,227.80 to a high of $1,240.20. Last week, they rose 0.3% for their third straight weekly gain. On Thursday, gold closed at its best price since Nov. 10.
Lower for a second session in a row after climbing for three straight, silver for March delivery shed 2.9 cents, or 0.2%, to $18.001 an ounce. Silver futures ranged from $17.81 to $18.06. Last week, they rose 0.5% for their seventh consecutive weekly advance.
In other precious metals Tuesday:
- April platinum was unchanged at $1,006 an ounce, trading between $990.50 and $1,008.80.
- Palladium for March delivery edged down 40 cents, or less than 0.1%, to $778.80 an ounce, ranging from $763.10 to $780.30.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Monday PM to Tuesday PM:
- Gold fell $4.10, or 0.3%, to $1,233.20 an ounce.
- Silver declined 9 cents, or 0.5, to $17.89 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Coin Sales in 2017
U.S. Mint bullion orders advanced with combined sales of 5,500 ounces in gold coins and 158,000 ounces in silver coins. Below is a sales breakdown of U.S. bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Tuesday Sales||Last Week||Jan Sales||Feb Sales||2017 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||20,000||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||3,000||5,000||86,500||19,500||106,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||19,000||5,000||24,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||36,000||2,000||38,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||125,000||15,000||140,000|
|$50 American Buffalo 1 Oz Gold Coin||2,500||4,500||32,000||14,500||46,500|
|$1 American Eagle 1 Oz Silver Coin||155,000||360,000||5,127,500||765,000||5,892,500|
|2017 Effigy Mounds 5 Oz Silver Coin||600||1,000||0||19,300||19,300|
|2016 Shawnee 5 Oz Silver Coins*||–|
|2016 Cumberland Gap 5 Oz Silver Coin*||–|
|2016 Harpers Ferry 5 Oz Silver Coin||0||0||100||0||0|
|2016 Theodore Roosevelt 5 Oz Silver Coin*||–||800||–|
|2016 Fort Moultrie 5 Oz Silver Coin||0||0||0||0||0|