Precious metals advanced together Tuesday, marking gains ranging from 0.5% for both gold and palladium to 1.9% for platinum. Silver was in the middle, rising 0.9%.
Gold for April delivery gained $7 to settle at $1,298.10 an ounce on the Comex division of the New York Mercantile Exchange.
"A lower U.S. dollar index on this day and a mild U.S. inflation report are also friendly for the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Gold and silver bulls have regained some technical strength this week."
Earlier Tuesday, the U.S. Labor Department said consumer prices in February rose 0.2% and annual inflation rose 1.5% for the slowest pace since September 2016.
Gold futures ranged from a low of $1,292 to a high of $1,299.80. They slipped 0.6% on Monday.
Silver for May delivery added 13.9 cents to close at $15.413 an ounce. Silver futures traded between $15.31 and $15.49. They declined 0.5% on Monday.
In other precious metals prices Tuesday:
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April platinum advanced $15.10 to $831.90 an ounce, ranging from $819.40 to $838.
- Palladium for June delivery added $8 to $1,490 an ounce, trading between $1,488 and $1,508.90.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM
- Gold rose $4.30, or 0.3%, to $1,297.05 an ounce.
- Silver added 15 cents, or 1%, to $15.445 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
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 | January | February | March | 2019 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 1,500 | 27,100 | 2,400 | 1,500 | 31,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,500 | 5,500 | 44,500 | 11,000 | 7,000 | 62,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 15,000 | 1,000 | 0 | 16,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 4,000 | 20,000 | 0 | 4,000 | 24,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 5,000 | 90,000 | 10,000 | 5,000 | 105,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 3,500 | 23,500 | 6,000 | 4,000 | 33,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 779,000 | 4,017,500 | 2,157,500 | 779,000 | 6,954,000 |
| Lowell 5 Oz Silver Coin | 0 | N/A | 39,000 | N/A | 39,000 | 39,000 | |
