Precious metals futures recovered at least a portion of their prior-day losses Tuesday as the U.S. dollar retreated.
Gold for December delivery picked up $6.40, or 0.5%, to settle at $1,281.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold collapsed like a house of cards during Monday’s trading session, with prices dipping below $1,275 [intraday] thanks to a strengthening U.S. dollar," MarketWatch quoted Lukman Otunuga, research analyst at FXTM.
"Although renewed political uncertainty in Europe is likely to support the flight to safety, it seems gold investors may be more concerned with the value of the dollar," he said.
Gold futures ranged from a low of $1,275.80 to a high of $1,284.50. They dropped 1.6% in their start to the week on Monday.
Silver for December delivery gained 11.8 cents, or 0.7%, to settle at $16.96 an ounce. Silver futures traded between $16.88 and $17.04. They sank 3.1% on Monday.
In rounding out precious metals futures:
-
January platinum rose $14.40, or 1.6%, to $938 an ounce, ranging from $924.80 to $940.40.
- Palladium for December delivery added $10.40, or 1.1%, to $996.50 an ounce, trading between $983.80 and $999.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $2.90, or 0.2%, to 1,283.30 an ounce.
- Silver fell 14.5 cents, or 0.9%, to $17 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 3:07 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 | October | November | 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 | 0 | 0 | 15,000 |
| $50 American Eagle 1 Oz Gold Coin | 0 | 2,500 | 2,000 | 11,000 | 7,000 | 188,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 32,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 58,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 10,000 | 0 | 30,000 | 10,000 | 370,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 0 | 7,000 | 1,000 | 84,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 175,000 | 30,000 | 1,040,000 | 295,000 | 17,233,500 |
| 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 |
| 2017 George Rogers Clark 5 Oz Silver Coin* | 0 | 30,900 | 1,500 | N/A | 32,400 | 32,400 |
