Precious Metals Futures Change Slightly

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.

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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)
TuesdayLast WeekThis WeekJuneJuly2018 Sales
$100 American Eagle 1 Oz Platinum Coin0000030,000
$50 American Eagle 1 Oz Gold Coin011,0001,50021,50025,000112,500
$25 American Eagle 1/2 Oz Gold Coin0001,0001,00018,000
$10 American Eagle 1/4 Oz Gold Coin002,0004,0002,00050,000
$5 American Eagle 1/10 Oz Gold Coin020,0005,00015,00025,000150,000
$50 American Buffalo 1 Oz Gold Coin07,50006,50018,50072,000
$1 American Eagle 1 Oz Silver Coin0180,000190,000435,000735,0007,557,500
Pictured Rocks 5 Oz Silver Coin0000030,000
Apostle Islands 5 Oz Silver Coin0000030,000
Voyageurs 5 Oz Silver Coin00030,000030,000