Platinum and palladium climbed for a second straight day Tuesday while gold and silver declined slightly. Gold’s loss was its third in four sessions.
Gold for August delivery gave back $5.50, or 0.3%, to settle at $1,777.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, August gold futures bears have the overall near-term technical advantage. A three-week-old price downtrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,826.40. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,700.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,771.20 to a high of $1,790.10. They rose 0.8% on Monday.
Silver for July delivery shed 16.8 cents, or 0.7%, to $25.857 an ounce. Silver futures traded between $25.73 and $26.09. They edged up 0.2% on Monday.
In other precious metals futures prices on Tuesday:
-
July platinum added $19.60, or 1.9%, to $1,070.20 an ounce, ranging from $1,049.50 to $1,072.80.
- Palladium for September delivery inched up 60 cents, or 0.02%, to $2,558.90 an ounce, trading between $2,535 and $2,607.
US Mint Bullion Sales in 2021
The United States Mint published no bullion sales on 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 / This Week | Last Week | March Sales | April Sales | May | June | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 55,500 | 38,500 | 20,500 | 4,000 | 430,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 20,000 | 0 | 0 | 0 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 55,000 | 0 | 0 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 33,500 | 11,000 | 44,000 | 7,000 | 173,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 4,087,000 | 1,053,000 | 0 | 0 | 13,106,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 35,000 | 0 | 40,000 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | N/A | 50,000 | 2,900 | 0 | 52,900 |
