Gold and silver futures ended modestly lower Tuesday. Both settled near three-week lows as investors looked more toward stocks and less at safe-havens.
Gold for December delivery declined $2.60, or 0.2%, to finish at $1,278.30 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the lowest since Oct. 6 when prices ended at $1,274.90 an ounce.
"Gold has been volatile this year and the outlook remains as clear as mud," MarketWatch quoted Tyler Richey, co-editor of the Sevens Report. "There are still many unknowns, such as will the next Fed chair be dovish or hawkish, and will tax cuts actually get done," he said.
Gold futures traded from a low of $1,276.80 to a high of $1,285.30. They edged up 40 cents in their start to the week on Monday
Ending down for a third straight session, silver for December delivery dropped 10.9 cents, or 0.6%, to settle at $16.966 an ounce. The close is also the weakest since Oct. 6 when the precious metal ended at $16.79 an ounce. Silver futures ranged from $16.99 to $17.17. They dipped less than a half cent in the previous session.
In other metals action on Tuesday:
-
January platinum declined $1.70, or 0.2%, to $925.50 an ounce, trading between $921.90 and $932.70.
- Palladium for December delivery bounced $11.25, or 1.2%, to $961.20 an ounce, ranging from $950.70 to $963.35.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold gained $1.55, or 0.1%, to 1,276.45 an ounce.
- Silver rose 4 cents, or 0.2%, to $17.035 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint Bullion Sales in 2017
United States Mint bullion sales were unchanged as of 2:31 p.m. ET. Below is a sales breakdown of U.S. bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Tuesday | Last Week | This Week | September | October | YTD | |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| $25 American Eagle 1 Oz Palladium Coin* | 0 | 0 | 0 | 15,000 | 0 | 15,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 2,500 | 2,000 | 8,000 | 10,000 | 180,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 2,000 | 32,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 0 | 2,000 | 2,000 | 58,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 20,000 | 0 | 25,000 | 25,000 | 355,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 2,500 | 0 | 1,500 | 4,500 | 81,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 450,000 | 175,000 | 320,000 | 925,000 | 16,823,500 |
| 2017 Effigy Mounds 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 35,000 |
| 2017 Frederick Douglass 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ozark Riverways 5 Oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 20,000 |
| 2017 Ellis Island 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 40,000 |
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