Gold, silver and platinum futures closed down Tuesday for a fourth session in a row while palladium broke its streak of three straight session slides. Silver marked its weakest finish since early 2016.
Gold for December delivery declined $2.10, or 0.2%, to settle at $1,201.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Oct. 10.
"Precious metals were somewhat supported when the U.S. dollar index sold off today, on a corrective pullback after hitting a 1.5-year high on Monday," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "However, the steep sell off in crude oil recently is a bearish outside market working against the metals."
Gold futures ranged from a low of $1,196.60 to a high of $1,205.50. They shed 0.4% on Monday.
Silver for December delivery fell 3.4 cents, or 0.2%, to end at $13.977 an ounce. The settlement was the lowest since Jan. 15, 2016 when the precious metal ended at $13.896 an ounce. Silver futures traded between $13.92 and $14.11. They lost 0.9% on Monday.
In rounding out precious metals futures prices Tuesday:
January platinum declined $4, or 0.5%, to $841.30 an ounce, ranging from $839.50 to $853.40.
- Palladium for December delivery rose $6.50, or 0.6%, to $1,092.10 an ounce, trading between $1,081.80 and $1,098.30.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $3.45, or 0.3%, to 1,202.10 an ounce.
- Silver fell 14 cents, or 1%, to $14.02 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 were unchanged. 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||October||November||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||4,000||21,000||4,000||176,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||4,000||2,000||30,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||2,000||0||60,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||10,000||10,000||10,000||220,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,000||6,500||2,000||116,500|
|$1 American Eagle 1 Oz Silver Coin||0||405,000||1,430,000||405,000||13,970,000|
|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||0||0||52,500|