Precious metals posted gains Tuesday that ranged from 0.1% for gold and 3.9% for palladium. Gold and silver ended at two-week highs.
Gold for December delivery rose $2.50 to settle at $1,966.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Sept. 1.
Gold futures ranged from a low of $1,955.60 to a high of $1,982.40. They gained 0.8% on Monday.
Silver for December delivery finished up 10.9 cents, or 0.4%, to $27.464 an ounce. Like for gold, the close was also the highest since Sept. 1. Silver futures traded between $27.19 and $27.87. They moved up 1.9% on Monday.
In other precious metals prices Tuesday:
October platinum advanced $23.50, or 2.5%, to $982.20 an ounce, ranging from $960.60 to $984.
- Palladium for December delivery surged $90.10 to $2,414.50 an ounce, trading between $2,316.80 and $2,454.60.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $9.35, or 0.5%, to $1,949.35 an ounce.
- Silver gained 66 cents, or 2.5%, to $27.545 an ounce.
US Mint Bullion Sales in 2020
The 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||Last Week||This Week||July||August||September||2020 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||1,500||2,000||107,500||104,000||3,500||542,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||1,000||0||4,000||10,000||1,000||56,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||10,000||20,000||2,000||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||10,000||0||35,000||70,000||10,000||290,000|
|$50 American Buffalo 1 Oz Gold Coin||0||500||1,000||30,000||28,000||1,500||185,500|
|$1 American Eagle 1 Oz Silver Coin||0||1,000,000||331,000||1,084,500||4,477,000||1,331,000||19,509,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||0||45,000|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||0||45,000|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||0||45,000|
|Marsh Billings 5 oz Silver Coin*||0||0||0||45,000||0||0||45,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0||56,500|