Silver was by itself among precious metals Tuesday, slipping modestly as the others gained. Gold finished near a three-week high while palladium rallied to another record.
Gold for December delivery advanced $8.70, or 0.6%, to settle at $1,540.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Sept. 4.
"There are multiple influences on gold right now that could trigger a breakout or breakdown, but on a longer time frame the primary trend in gold turned higher this summer and we expect continued gains in the months and quarters ahead," MarketWatch quoted Tyler Richey, co-editor at Sevens Report Research.
Gold futures ranged from a low of $1,522.80 to a high of $1,543.30. They gained 1.1% on Monday.
Silver for December delivery declined 8.3 cents, or 0.4%, to settle at $18.628 an ounce. Silver futures traded between $18.31 and $18.81. They surged 4.8% on Monday, closing at their highest point since Sept. 5.
In rounding out precious metals dealings Tuesday:
October platinum rose $1.50, or 0.2% to $955.40 an ounce, ranging from $948.30 to $964.
- Palladium for December delivery tacked on $20.80, or 1.3%, to a record settlement of $1,646.40 an ounce. Palladium traded between $1,624.60 and $1,648.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $1.45, or 0.1%, to $1,520.65 an ounce.
- Silver added 18 cents, or 1%, to $18.56 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Tuesday / This Week||Last Week||August||September||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||500||5,500||3,000||89,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||1,000||1,000||24,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||2,000||30,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||5,000||165,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||1,500||1,000||50,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||1,007,000||686,000||12,955,000|
|War in the Pacific 5 Oz Silver Coin||0||0||12,500||2,500||72,000|
|American Memorial Park 5 Oz Silver Coin*||0||0||2,000||0||80,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||40,000|