Precious metals futures were divided Tuesday with silver and platinum higher and gold and palladium lower.
Gold for December delivery shed $2.30, or 0.2%, to settle at $1,225.30 an ounce on the Comex division of the New York Mercantile Exchange. The close is the lowest since Monday, Oct. 22
Gold prices "have eased a tad as the ‘big’ dollar finds support on worries over slowing economic growth and fears the Sino-U.S. trade war could intensify again," MarketWatch quoted Dean Popplewell, vice president of market analysis at Oanda.
Gold futures ranged from a low of $1,221.40 to a high of $1,232.50. They fell 0.7% on Monday. They scored a more than three-month high one week ago.
Silver for December delivery rose 2 cents, or 0.1%, to settle at $14.462 an ounce. Silver futures traded between $14.37 and $14.53. They dropped 1.8% on Monday.
In other metals prices on Tuesday:
-
January platinum added $2.10, or 0.3%, to $839 an ounce, ranging from $834.60 to $843.40.
- Palladium for December delivery fell $24.30, or 2.3%, to $1,055 an ounce, trading between $1,054.50 and $1,084.40. Last Tuesday, they ended at $1,122.80 an ounce to post an all-time record.
The two divided last week with platinum slipping 0.2% and palladium gaining 1.5%.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $5.40, or 0.4%, to 1,225.40 an ounce.
- Silver fell 22.5 cents, or 1.5%, to $14.425 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight
US Mint Bullion Sales in 2018
United States Mint bullion sales rose by a combined 4,500 ounces in American Eagle and Buffalo gold coins and by 75,000 ounces in American Silver Eagles.
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 | September | October | 2018 Sales | |
| $100 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 30,000 |
| $50 American Eagle 1 Oz Gold Coin | 2,500 | 4,000 | 14,500 | 19,500 | 170,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 2,000 | 2,000 | 26,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 2,000 | 0 | 4,000 | 2,000 | 60,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 40,000 | 10,000 | 210,000 |
| $50 American Buffalo 1 Oz Gold Coin | 1,500 | 0 | 11,000 | 6,500 | 114,500 |
| $1 American Eagle 1 Oz Silver Coin | 75,000 | 200,000 | 2,897,500 | 1,405,000 | 13,540,000 |
| Pictured Rocks 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 30,000 |
| Apostle Islands 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 30,000 |
| Voyageurs 5 Oz Silver Coin* | 0 | 0 | 0 | 0 | 30,000 |
| Cumberland Island 5 Oz Silver Coin | 0 | 0 | 52,500 | 0 | 52,500 |
