Precious metals moved lower Tuesday, posting declines ranging from 0.1% for gold to 3.9% for palladium. Losses for gold and silver, while modest, were their first in three sessions.
Gold for December delivery settled down $2 to $1,787.80 an ounce on the Comex division of the New York Mercantile Exchange.
"U.S. Treasury yields are giving gold a little bit of cover, and we’re seeing a higher probability of inflation without rising interest rates," Reuters quoted Daniel Pavilonis, senior market strategist at RJO Futures.
Gold futures ranged from a low of $1,782.10 to a high of $1,797.60. They gained 0.7% on Monday, for their best close since Aug. 5.
Silver for September delivery shed 13.2 cents, or 0.6%, to finish at $23.659 an ounce. Silver futures traded between $23.56 and $23.96. They rose 0.5% on Monday.
In other precious metals futures prices Tuesday:
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October platinum fell $27.30, or 2.7%, to $993.80 an ounce, ranging from $988.10 to $1,028.
- Palladium for September delivery declined $102.10 to $2,495.60 an ounce, trading between $2,482.50 and $2,610.50.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Tuesday by a combined 14,500 ounces in American Gold Eagles and by 156,000 ounces in American Silver Eagles.
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 | Last Week | This Week | June | July | August | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 11,500 | 40,000 | 25,000 | 158,000 | 49,500 | 80,500 | 714,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 5,000 | 0 | 18,000 | 15,000 | 10,000 | 18,000 | 74,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 30,000 | 0 | 0 | 86,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 5,000 | 15,000 | 5,000 | 90,000 | 40,000 | 35,000 | 315,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 13,500 | 2,000 | 27,500 | 14,500 | 18,500 | 226,500 |
| $1 American Eagle 1 Oz Silver Coin | 156,000 | 968,500 | 824,000 | 2,800,000 | 3,104,000 | 2,405,000 | 21,415,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 | 52,900 |
