Precious metals kicked off the new trading week on Tuesday with losses that ranged from 1.7% for silver to 2.6% for palladium.
Gold for December delivery gave back $35.20, or 1.9%, to settle at $1,798.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is finding new interest, but the precious metal is caught between a very confused economic outlook and the relentless new record highs in equities," Adrian Ash, director of research at BullionVault, wrote in a research note reported by MarketWatch.
Gold futures ranged from a low of $1,793.70 to a high of $1,833.50. They rose 0.8% last week, ending Friday at their best price since July 29.
Silver for December delivery fell 42.9 cents to end at $24.373 an ounce. Silver futures traded between $24.21 and $24.90. They moved up 3.1% last week.
In other precious metals futures prices on Tuesday:
October platinum lost $25.70, or 2.5%, to $995.90 an ounce, ranging from $990 to $1,026.10.
- Palladium for December delivery declined $62.80 to $2,353.50 an ounce, trading between $2,335.50 and $2,434.
Last week platinum increased 1.5% and palladium gained 0.3%.
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/ September||Last Week||June||July||August||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||11,500||158,000||49,500||112,000||746,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||15,000||10,000||21,000||77,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||28,000||30,000||0||34,000||120,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||90,000||40,000||50,000||330,000|
|$50 American Buffalo 1 Oz Gold Coin||0||4,500||27,500||14,500||27,500||235,500|
|$1 American Eagle 1 Oz Silver Coin||0||750,000||2,800,000||3,104,000||3,930,000||22,940,500|
|$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|