Gold closed down for a fifth straight session. The precious metal was alone in its loss on Monday, but not on Tuesday as silver, platinum and palladium also declined.
Gold for December delivery tilted down $2.10, or 0.2%, to $1,167.70 an ounce on the Comex division of the New York Mercantile Exchange. Gold traded from a low of $1,163.40 to a high of $1,175.
"Gold prices ended the U.S. day session narrowly mixed Tuesday — cash (spot) gold slightly higher while Comex futures prices were modestly lower," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "The gold bears remain in firm technical control as prices trade not far above the recent four-year low. The key ‘outside markets’ remain in overall bearish postures for the precious metals — a stronger U.S. dollar and slumping crude oil prices."
Silver for December delivery fell 25 cents, or 1.5%, to settle at $15.95 an ounce. Silver prices ranged from $15.91 to $16.17.
In rounding out the precious metals complex:
-
January platinum declined $18.10, or 1.5%, to $1,224.70 an ounce, trading between $1,217.50 and $1,244.50.
- Palladium for December delivery lost $13.75, or 1.7%, to $790.65 an ounce, ranging from $788 to $805.45.
London Fix Precious Metals
Earlier fixed London precious metals fell as well. In contrasting London bullion Fix prices from Monday PM to Tuesday PM:
- Gold shed $1.25, or 0.1%, to $1,166.50 an ounce,
- Silver fell 3 cents, or 0.2%, to $16.12 an ounce,
- Platinum declined $13, or 1%, to $1,228 an ounce, and
- Palladium turned down $2, or 0.3%, to $798 an ounce
US Mint Bullion Coin Sales in November
United States Mint bullion coin sales were unchanged Tuesday as of 3:37 p.m. ET. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold last week, this week so far, last month, and the year to date.
| American Eagle and Buffalo Bullion Sales (# of coins) | |||||
|---|---|---|---|---|---|
| Tuesday Sales | Last Week | Current Week | October Sales | YTD Sales | |
| $100 American Platinum Eagle Bullion Coins | N/A | 400 | 16,700 | ||
| $50 American Eagle Bullion Gold Coins | 0 | 11,000 | 10,500 | 57,500 | 364,000 |
| $25 American Eagle Bullion Gold Coins | 0 | 0 | 1,000 | 6,000 | 39,000 |
| $10 American Eagle Bullion Gold Coins | 0 | 0 | 2,000 | 8,000 | 102,000 |
| $5 American Eagle Bullion Gold Coins | 0 | 10,000 | 5,000 | 50,000 | 495,000 |
| $50 American Buffalo Bullion Gold Coins | 0 | 500 | 2,500 | 21,000 | 163,000 |
| $1 American Eagle Silver Bullion Coins | 0 | 1,850,000 | 625,000 | 5,790,000 | 38,666,000 |
| Great Smoky Mountains National Park 5 Oz Silver Bullion Coins | 0 | 0 | 0 | 0 | 33,000 |
| Shenandoah National Park 5 Oz Silver Bullion Coins | 0 | 500 | 0 | 900 | 22,400 |
| Arches National Park 5 Oz Silver Bullion Coins | 0 | 0 | 0 | 0 | 22,000 |
| Great Sand Dunes 5 Oz Silver Bullion Coins | 0 | 0 | 200 | 4,200 | 16,400 |
| Everglades 5 Oz Silver Bullion Coins | 0 | N/A | 22,000 | N/A | 22,000 |
