Precious metals futures changed little Tuesday. Gold climbed less than 0.1%, but in doing so rebounded from a three-week low.
Gold for June delivery gained $1.20 to settle at $1,295.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Equities have turned negative here … It’s a tug of war between the equities and precious metals markets," said Bob Haberkorn, senior market strategist at RJO Futures."Gold is going to be stuck in a range-bound movement for the time being unless there is a breakdown in equity markets."
Gold futures traded from a low of $1,289.50 to a high of $1,296.40. They fell 0.3% on Monday, ending at their lowest point since March 11.
Silver for May delivery declined 3.8 cents, or 0.3%, to settle at $15.061 an ounce. Silver futures ranged from $14.90 to $15.09. Yesterday, they dipped less than 0.1%. Last Thursday, prices settled at $14.973 an ounce for their worst close since Dec. 24.
In other precious metals futures prices Tuesday:
-
July platinum lost $2.80, or 0.3%, to $852.50 an ounce, trading between $849.40 and $859.40.
- Palladium for June delivery advanced $8.50, or 0.6%, to $1,400.30 an ounce, ranging from $1,364.80 to $1,408.50.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM
- Gold fell $3.20, 0.3%, to $1,290.30 an ounce.
- Silver declined 4.5 cents, or 0.3%, to $15.025 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 climbed up by a combined 1,000 ounces in gold coins, by 500 ounces in platinum coins, and by 276,500 ounces in silver coins.
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 / April | February | March | 2019 Sales | |
| $100 American Eagle 1 Oz Platinum Coin | 500 | 1,000 | 600 | 2,400 | 4,000 | 34,100 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 1,000 | 1,000 | 11,000 | 8,500 | 65,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 1,000 | 17,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 2,000 | 0 | 2,000 | 0 | 4,000 | 26,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 5,000 | 10,000 | 15,000 | 120,000 |
| $50 American Buffalo 1 Oz Gold Coin | 500 | 0 | 2,000 | 6,000 | 5,500 | 37,000 |
| $1 American Eagle 1 Oz Silver Coin | 276,500 | 0 | 539,500 | 2,157,500 | 850,000 | 7,564,500 |
| Lowell 5 Oz Silver Coin | 0 | 0 | 0 | N/A | 80,000 | 80,000 |
