Gold and silver futures marked a second day of modest gains Tuesday after logging multi-month lows on Friday.
Gold for August delivery added $1.50, or 0.1%, to settle at $1,214.70 an ounce on the Comex division of the New York Mercantile Exchange.
"We’re stalling right after the selling got a little exhausted on Friday," Reuters quoted Phillip Streible, senior commodities broker for RJO Futures in Chicago. "A lot of people are forward-looking, waiting for Janet Yellen’s testimony later on this week."
Fed Chair Yellen will deliver her semi-annual monetary policy testimony before the U.S. House Financial Services Committee on Wednesday.
Gold futures ranged from a low of $1,207.40 to a high of $1,217.10. They climbed 0.3% in their start to the trading week on Monday. On Friday, they closed at their lowest level since March 15.
Elsewhere, silver for September delivery gained 11.6 cents, or 0.7%, to settle at $15.745 an ounce. Silver futures traded between $15.42 and $15.83. They rose 1.3% in the previous session after closing on Friday at their worst level since April 8, 2016.
In rounding out precious metals dealings:
-
October platinum declined $3.20, or 0.4%, to $898.70 an ounce, ranging from $891.40 to $904.10.
- Palladium for September added $9.50, or 1.1%, to $846.85 an ounce, trading between $832.25 and $851.45.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold dipped 85 cents, or 0.07%, to 1,211.05 an ounce.
- Silver gained 29 cents, or 1.9%, 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 2017
U.S. Mint bullion sales were unchanged. 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 | Last Week | This Week | June | July | YTD | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,500 | 5,000 | 4,000 | 6,500 | 147,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 27,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 4,000 | 0 | 0 | 4,000 | 52,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 15,000 | 5,000 | 20,000 | 20,000 | 280,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 1,000 | 1,000 | 2,000 | 2,000 | 68,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 320,000 | 670,000 | 986,000 | 990,000 | 13,223,500 |
| 2017 Effigy Mounds 5 Oz Silver Coin | 0 | 0 | 0 | 8,800 | 0 | 35,000 |
| 2017 Frederick Douglass 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ozark Riverways 5 Oz Silver Coin | 0 | 0 | 0 | 20,000 | 0 | 20,000 |
