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|