Gold and silver futures ended at new, nearly three-month highs Tuesday. Gold’s gain was a fourth in a row.
Gold for April delivery added $4, or 0.3%, to end at $1,236.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Nov. 10 when prices closed at $1,266.40 an ounce.
"The precious metals bulls worked to shrug off a stronger U.S. dollar today, which had kept the metals bulls somewhat subdued overnight and in very early U.S. trading," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "The near-term chart postures for gold and silver markets have significantly improved recently, which have the bulls feeling more comfortable than they have been in months."
Gold futures ranged from a low of $1,229.20 to a high of $1,237.50. They gained 1% in the previous session.
Higher for a third straight session, silver for March delivery added 6.3 cents, or 0.4%, to $17.756 an ounce. The settlement is also the highest since Nov. 10, when silver finished at $18.737 an ounce. Silver futures traded between $17.56 and $17.80.
In rounding out precious metals trading:
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April platinum dipped $1.20, or 0.1%, to $1,012.90 an ounce, ranging from $1,006.20 to $1,018.
- Palladium for March delivery declined $9.85, or 1.3%, to $764.45 an ounce, trading between $745.80 and $774.10.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Monday PM to Tuesday PM:
- Gold rose $4.25, or 0.4%, to $1,231 an ounce.
- Silver was flat at $17.60 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 sales advances included 2,500 ounces in gold coins and 176,000 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 | This Week | Jan Sales | Feb Sales | 2017 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 20,000 | 0 | 20,000 |
| $50 American Eagle 1 Oz Gold Coin | 500 | 8,000 | 2,500 | 86,500 | 4,000 | 95,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 1,000 | 0 | 1,000 | 19,000 | 1,000 | 20,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 36,000 | 0 | 36,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 5,000 | 10,000 | 5,000 | 125,000 | 10,000 | 135,000 |
| $50 American Buffalo 1 Oz Gold Coin | 1,000 | 4,000 | 2,500 | 32,000 | 5,000 | 37,000 |
| $1 American Eagle 1 Oz Silver Coin | 125,000 | 230,000 | 250,000 | 5,127,500 | 250,000 | 5,377,500 |
| 2017 Effigy Mounds 5 Oz Silver Coin | 10,200 | – | 17,700 | 100 | 17,700 | 17,700 |
| 2016 Shawnee 5 Oz Silver Coins* | – | |||||
| 2016 Cumberland Gap 5 Oz Silver Coin* | – | |||||
| 2016 Harpers Ferry 5 Oz Silver Coin | 0 | 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 | 0 |
This article was edited to include updated U.S. Mint sales figures.
