Precious metals futures finished higher Tuesday. Palladium’s gain was its third in a row while platinum extended its winning streak to two straight. Gold and silver, meanwhile, climbed from two-week lows.
Gold for December delivery added $3.40, or 0.2%, to settle at $1,460.30 an ounce on the Comex division of the New York Mercantile Exchange.
"The only story here is the China-U.S. (trade deal). Last few sessions, gold has been selling off on hopes for a U.S.-China deal. Right now, gold is paused here and is in kind of a wait-and-see (mode)," Reuters quoted Bob Haberkorn, senior market
strategist at RJO Futures.
Gold futures ranged from a low of $1,449.60 to a high of $1,462.80. They declined 0.5% on Monday, marking their lowest settlement since Nov. 12.
Silver for December delivery rose 15.9 cents, or 0.9%, to settle at $17.045 an ounce. Silver futures traded between $16.78 and $17.09. They fell 0.7% on Monday, logging their lowest finish since Nov. 12.
In other precious metals futures Tuesday:
January platinum added $11.30, or 1.3%, to $911.70 an ounce, ranging from $896.40 to $919.
- Palladium for March delivery — the new, most active contract — rose $10, or 0.6%, to $1,782 an ounce, trading between $1,752 and $1,792.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $3.75, or 0.3%, to $1,454.65 an ounce.
- Silver rose 6.5 cents, or 0.4%, to $16.935 an ounce.
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||Last Week||This Week||October||November||2019 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||3,000||0||8,000||8,000||106,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||5,000||30,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||4,000||2,000||36,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||20,000||0||190,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,500||0||3,000||5,000||60,000|
|$1 American Eagle 1 Oz Silver Coin||0||233,000||0||1,110,500||463,000||14,863,500|
|Frank Church River of No Return Wilderness 5 Oz Silver Coin||0||13,500||6,500||N/A||20,000||20,000|
|San Antonio Missions 5 Oz Silver Coin||0||0||0||17,500||0||55,200|
|War in the Pacific 5 Oz Silver Coin||0||0||0||500||0||72,500|
|American Memorial Park 5 Oz Silver Coin*||0||0||0||0||0||80,000|
|Lowell 5 Oz Silver Coin*||N/A||80,000|
|$100 American Eagle 1 Oz Platinum Coin*||N/A||40,000|