Precious metals futures posted narrow changes Tuesday. Gold moved the least, slipping less than 0.1%.
Gold for August delivery edged down a dime to end at $1,225.60 an ounce on the Comex division of the New York Mercantile Exchange.
“Some mild short covering by the shorter-term futures traders is featured in both [gold and silver] markets today, to limit the downside,” Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. “Still, the lack of major market news events in the world at present is allowing the chart-based traders to dominate — and the technicals for both gold and silver remain firmly bearish.”
Gold futures traded from a low of $1,218.10 to a high of $1,228.40. They declined 0.5% on Monday.
Silver for September gained 9.5 cents, or 0.6%, to settle at $15.52 an ounce. Silver futuresranged from $15.34 to $15.57. They fell 0.8% on Monday.
In other precious metals futures on Tuesday:
- October platinum rose $4.60, or 0.6%, to $835.60 an ounce, trading between $829.50 and $848.60.
- Palladium for September delivery settled up $6, or 0.7%, to $908.60 an ounce, ranging from $900.20 to $921.40.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold rose $3.40, or 0.3%, to 1,228.35 an ounce.
- Silver gained 2.5 cents, or 0.2%, to $15.51 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2018
United States Mint bullion sales were unchanged. 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||Last Week||This Week||June||July||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||11,000||1,500||21,500||25,000||112,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||1,000||18,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||4,000||2,000||50,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||20,000||5,000||15,000||25,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||7,500||0||6,500||18,500||72,000|
|$1 American Eagle 1 Oz Silver Coin||0||180,000||190,000||435,000||735,000||7,557,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin||0||0||0||0||0||30,000|
|Voyageurs 5 Oz Silver Coin||0||0||0||30,000||0||30,000|