Gold Ends Near Three-Week High for Third Straight Gain


Platinum settled lower Tuesday while gold, silver and palladium increased. Gold’s gain was its third in a row and follows three straight losses. The yellow metal ended the day near a three-week high.

Gold for December delivery finished up $2.20, or 0.1%, to $1,808.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Aug. 5.

"Gold has caught a tailwind amid rising concerns about the delta variant, which is pushing back market expectations as to when the Fed’s taper might commence," wrote Peter Grant in Zaner’s latest Grant on Gold newsletter, as reported by MarketWatch. "For the same reason, the dollar has come off its highs, providing an additional boost for gold."

Gold futures ranged from a low of $1,802.60 to a high of $1,812.20. They rose 1.3% on Monday.

Silver for September delivery climbed 23.8 cents, or 1%, to settle at $23.894 an ounce. Silver futures traded between $23.54 and $23.98. They gained 2.4% on Monday.

In other precious metals futures prices Tuesday:

  • October platinum shed $4, or 0.4%, to $1,010.10 an ounce, ranging from $1,002.10 to $1,019.10.

  • Palladium for September delivery surged $57.40, or 2.4%, to $2,442.50 an ounce, trading between $2,385 and $2,473.

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 Last Week This Week June July August 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 28,000 12,000 158,000 49,500 95,500 729,500
$25 American Eagle 1/2 Oz Gold Coin 0 21,000 0 15,000 10,000 21,000 77,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 6,000 30,000 0 6,000 92,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 10,000 90,000 40,000 50,000 330,000
$50 American Buffalo 1 Oz Gold Coin 0 2,000 4,500 27,500 14,500 23,000 231,000
$1 American Eagle 1 Oz Silver Coin 0 824,000 740,000 2,800,000 3,104,000 3,145,000 22,155,500
$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


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Kaiser Wilhelm

Silver is almost up to $24 an ounce now. Now it just has to triple in value and we’ll almost be up to the Mint’s price for a Proof American Silver Eagle. Ain’t life grand!

Kaiser Wilhelm

Until today I wasn’t sure why the prices of the precious metals were being suppressed, but I think I’ve finally latched on to the answer; all along it has been to keep the U.S. dollar artificially high in order to for it to be able to retain its place as the world’s only reserve currency (and thereby continue in turn to just as artificially prop up the American economy). Since the precious metals customarily move in the opposite direction of the dollar, this strategy has led to what essentially has become a self-fulfilling prophecy. As the dollar remains propped up,… Read more »

Last edited 1 month ago by Kaiser Wilhelm