All but gold declined in futures trading Tuesday. Gold’s gain was its fifth in six sessions, and the yellow metal ended the day at a three-week high.
Gold for February delivery rose $8.90, or 0.5%, to settle at $1,874.90 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since Nov. 17.
"The gold bulls and bears are back on a level overall near-term technical playing field but the bulls have upside momentum. A downtrend on the daily chart was negated Monday. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at $1,900.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,800.00," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,863.90 to a high of $1,876.90. They gained 1.4% on Monday.
Silver for March delivery shed 5.8 cents, or 0.2%, to close at $24.736 an ounce. Silver futures traded between $24.55 and $25.02. They rose 2.2% on Monday, finishing at their best level since Nov. 16.
In other precious metals futures Tuesday:
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January platinum fell $12.40, or 1.2%, to $1,037 an ounce, ranging from $1,024.10 to $1,044.90.
- Palladium for March delivery lost $23.40, or 1%, to $2,327.90 an ounce, trading between $2,302.50 and $2,355.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold rose $8.20, or 0.4%, to $1,868.15 an ounce.
- Silver surged 72.5 cents, or 3.1%, to $24.475 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 | Last Week | This Week | October | November | December | 2020 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 12,500 | 16,000 | 64,500 | 77,000 | 22,500 | 721,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 6,000 | 4,000 | 0 | 68,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 8,000 | 10,000 | 0 | 106,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 0 | 25,000 | 35,000 | 0 | 350,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 7,500 | 1,000 | 19,500 | 23,500 | 5,500 | 237,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 800,000 | 475,000 | 3,397,000 | 4,805,000 | 751,000 | 30,089,500 |
| 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 | 0 | 0 | 0 | 45,000 |
| Tallgrass Prairie 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 56,500 |
