Palladium gained Tuesday while other precious metals declined. Gold and platinum each lost 0.7%. Silver sank 3.2% after posting a more than three-month high on Monday.
Gold for February delivery fell $12.50 to settle at $1,870.30 an ounce on the Comex division of the New York Mercantile Exchange.
Gold and silver were "pressured by profit taking from recent gains by the shorter-term futures traders. Also, the key outside markets are bearish for the metals on this day — higher U.S. dollar index and lower crude oil prices. Also, global stock markets have somewhat stabilized Tuesday after hitting some fresh Covid turbulence on Monday — somewhat reducing risk aversion," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,864.60 to a high of $1,889.40. They gave back 0.3% on Monday.
Silver for March delivery tumbled 84.4 cents to settle at $25.535 an ounce. Silver futures traded between $25.28 and $26.82. They advanced 1.3% on Monday, marking their best settlement since Sept. 18.
In other precious metals futures Tuesday:
January platinum lost $6.70 to $1,009.40 an ounce, ranging from $989.70 to $1,023.40.
- Palladium for March delivery gained $6.70, or 0.3%, to $2,323.10 an ounce, trading between $2,307.50 and $2,356.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold edged up 25 cents, or 0.01%, to $1,880 an ounce.
- Silver added 34 cents, or 1.3%, to $26.155 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||October||November||December||2020 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||12,000||64,500||77,000||42,500||741,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||6,000||4,000||0||68,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||8,000||10,000||0||106,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||25,000||35,000||0||350,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,500||19,500||23,500||8,500||240,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||3,397,000||4,805,000||751,000||30,089,500|
|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||0||0||0||45,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||56,500|