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 |
WOW!
I wish I’d bought palladium when it was down a few months back!