Precious metals split Tuesday with gold and palladium falling and silver and platinum rising. Gold’s loss was its fourth in a row.
Gold for February delivery shed $4.30, or 0.2%, to settle at $1,850.90 an ounce on the Comex division of the New York Mercantile Exchange.
"There is no clarity on where fiscal spending is going, there is no full clarity of how the central bank is going to react … these uncertainties are serving as a cap on gold," Reuters quoted Bart Melek, head of commodity strategies at TD Securities.
Gold futures ranged from a low of $1,847.20 to a high of $1,860.80. They slipped 0.05% on Monday.
Silver for March delivery gained 5.4 cents, or 0.2%, to settle at $25.538 an ounce. Silver futures traded between $25.23 and $25.68. They lost 0.3% on Monday.
In other precious metals futures Tuesday:
April platinum added $2.70, or 0.2%, to $1,107.40 an ounce, ranging from $1,085 to $1,113.80.
- Palladium for March delivery dropped $21.90, or 0.9%, to $2,325 an ounce, trading between $2,315 and $2,350.50.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold dipped 25 cents, or 0.01%, to $1,856.60 an ounce.
- Silver declined 23.5 cents, or 0.9%, to $25.40 an ounce.
US Mint Bullion Sales in 2021
United States Mint bullion sales increased Tuesday by a combined 4,500 ounces in American Gold Eagles.
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||December||2020 Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||4,500||16,000||59,000||48,500||747,500||191,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||5,000||2,000||70,000||22,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||8,000||0||106,000||36,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||0||350,000||95,000|
|$50 American Buffalo 1 Oz Gold Coin||0||29,500||0||10,500||242,000||56,000|
|$1 American Eagle 1 Oz Silver Coin||0||100,000||0||751,000||30,089,500||4,775,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||45,000||0|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||45,000||0|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||45,000||0|
|Marsh Billings 5 oz Silver Coin*||0||0||0||0||45,000||0|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||0||0||45,000||0|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||56,500||0|