Precious metals split Tuesday with platinum and palladium posting gains and gold and silver registering losses.
Gold for December delivery declined $16.10, or 0.8%, to settle at $1,923.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Profit taking and selling from weak-handed long positions in the futures markets are featured today, amid upbeat trader and investor attitudes," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,919.10 to a high of $1,944.10. They shed 0.4% on Monday. Earlier this month, on Aug. 6, gold marked a record settlement of $2,069.40 an ounce.
Silver for September delivery fell 33.4 cents, or 1.3%, to close at $26.273 an ounce. Silver futures traded between $26.13 and $26.86. They slipped 0.5% on Monday.
In other precious metals futures Tuesday:
October platinum rose $9.50, or 1%, to $934 an ounce, ranging from $923.50 to $947.70.
- Palladium for September delivery gained $6.40, or 0.3%, to $2,171.90 an ounce, trading between $2,133.40 and $2,201.68.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold dropped $32.80, or 1.7%, to $1,911.15 an ounce.
- Silver fell 39 cents, or 1.5%, to $26.495 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales were unchanged Tuesday. 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||June||July||August||2020 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||16,500||42,500||107,500||86,000||521,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||6,000||2,000||4,000||6,000||51,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||12,000||2,000||10,000||12,000||76,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||30,000||0||35,000||30,000||240,000|
|$50 American Buffalo 1 Oz Gold Coin||0||4,000||7,500||30,000||22,500||178,500|
|$1 American Eagle 1 Oz Silver Coin||0||1,000,000||1,398,000||1,084,500||2,593,000||16,294,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||45,000|
|Marsh Billings 5 oz Silver Coin*||0||0||0||45,000||0||45,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||56,500|