Major precious metals advanced as a group for the first time in three sessions Tuesday. Gains ranged from 0.3% for gold to 1.8% for palladium.
Gold for December delivery rose $5.20 to settle at $1,731.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are moderately higher in midday U.S. trading Tuesday, on normal upside price corrections after the sharp losses suffered last Friday and on Monday," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note. "The precious metals bulls appear to have stabilized their markets — at least for now," Wyckoff added.
Gold futures ranged from a low of $1,718.50 to a high of $1,739.40. They fell 2.1% on Monday, finishing at their lowest level since March 31.
Silver for September delivery ended up 12.3 cents, or 0.5%, to $23.392 an ounce. Silver futures traded between $23.22 and $23.68. They tumbled 4.4% on Monday.
In other precious metals futures prices on Tuesday:
October platinum added $16.10, or 1.7%, to $987 an ounce, ranging from $968.80 to $996.90.
- Palladium for September delivery gained $47.90 to $2,650 an ounce, trading between $2,592 and $2,664.50.
US Mint Bullion Sales in 2021
Published 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.
|US Mint Bullion Sales (# of coins)|
|Tuesday / This Week||Last Week||June||July||August||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||15,500||158,000||49,500||15,500||649,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||15,000||10,000||0||56,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||30,000||0||0||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||15,000||90,000||40,000||15,000||295,000|
|$50 American Buffalo 1 Oz Gold Coin||0||3,000||27,500||14,500||3,000||211,000|
|$1 American Eagle 1 Oz Silver Coin||0||612,500||2,800,000||3,104,000||612,500||19,623,000|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||52,900|