All but palladium advanced in precious metals trading action Tuesday. Gold’s gain was its sixth in seven sessions.
Gold for December delivery added $6.20, or 0.3%, to settle at $1,911.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is stuck in a tight range and there’s probably not going to be too much activity before the U.S. election," Reuters quoted Michael Matousek, head trader at U.S. Global Investors.
Gold futures ranged from a low of $1,898.70 to a high of $1,913. They edged up 0.03% on Monday.
Silver for December delivery climbed 15 cents, or 0.6%, to settle at $24.57. Silver futures traded between $24.33 and $24.76. They fell 1% on Monday.
In other precious metals futures Tuesday:
January platinum rose $9.40, or 1.1%, to $886.80 an ounce, ranging from $872.60 to $889.10.
- Palladium for December delivery declined $14.80, or 0.6%, to $2,353.90 an ounce, trading between $2,324.60 and $2,395.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold added $7.25, or 0.4%, to $1,905.70 an ounce.
- Silver added 15.5 cents, or 0.6%, to $24.435 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales increased Tuesday by a combined 15,000 ounces in gold coins and 937,000 ounces in silver coins.
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||October||2020 Sales|
|$50 American Eagle 1 Oz Gold Coin||8,000||7,000||104,000||18,500||54,500||612,000|
|$25 American Eagle 1/2 Oz Gold Coin||1,000||2,000||10,000||3,000||6,000||64,000|
|$10 American Eagle 1/4 Oz Gold Coin||4,000||0||20,000||4,000||8,000||96,000|
|$5 American Eagle 1/10 Oz Gold Coin||10,000||5,000||70,000||10,000||20,000||310,000|
|$50 American Buffalo 1 Oz Gold Coin||4,500||1,000||28,000||4,500||19,000||207,500|
|$1 American Eagle 1 Oz Silver Coin||937,000||761,000||4,477,000||2,958,500||3,397,000||24,533,500|
|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||0||0||45,000|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||N/A||45,000||0||45,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||56,500|