Precious metals futures rebounded Tuesday, recovering a bit from losses on Monday that brought gold, silver and platinum to settlement lows that ranged from more than one and a half years to nearly ten years.
Posting its first gain in four sessions, gold for December delivery added $1.80, or 0.2%, to finish at $1,200.70 an ounce on the Comex division of the New York Mercantile Exchange.
"An encouraging sign for the precious metals bulls is that their markets were able to sustain gains today despite a solid rally in the U.S. dollar index to a 14-month high.," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.
Gold futures ranged from a low of $1,198.90 to a high of $1,205.80. They dropped 1.7% on Monday, ending at their worst level since Jan. 30, 2017.
Meanwhile, silver for September rose 7.1 cents, or 0.5%, to settle at $15.053 an ounce. Silver futures traded between $14.97 and $15.11. They tumbled 2.1% on Monday, marking their lowest close since April 4, 2016.
In rounding out precious metals futures prices on Tuesday:
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After ending at the lowest price since December 2008, October platinum gained $2.20, or 0.3%, to $801.70 an ounce, ranging from $795.80 to $809.
- Palladium for September delivery tacked on $9.10, or 1%, to $890 an ounce, trading between $878 and $890.70.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $3.35, or 0.3%, to 1,197 an ounce.
- Silver fell 15 cents, or 1%, to $15.035 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 Tuesday. 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 | July | August | 2018 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 30,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 6,000 | 2,000 | 31,500 | 8,500 | 127,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 0 | 18,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 50,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 25,000 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 9,000 | 1,500 | 24,500 | 11,000 | 89,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 235,000 | 225,000 | 885,000 | 490,000 | 8,197,500 |
| 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 | 0 | 0 | 30,000 |
