Previous metals divided Tuesday with gold and silver each rising less than 1% and platinum and palladium tumbling — 2% and 5%, respectively. Gold’s gain was its second straight.
Gold for December delivery tacked on $12.70, or 0.7%, to settle at $1,807.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Sept. 3.
"The [gold and silver] metals markets got a lift following a U.S. inflation report this morning that came in cooler than expected and in turn sparked a sell off in the U.S. dollar index," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
The Labor Department reported that consumer prices increased 0.3% in August from 0.5% in July while annual inflation eased to 5.3% following two straight readings of 5.4%.
Gold futures ranged from a low of $1,780.60 to a high of $1,810.60. They inched 0.1% higher on Monday.
Silver for December delivery rose 8.9 cents, or 0.4%, to settle at $23.885 an ounce. Silver futures traded between $23.43 and $23.98. They gave back 0.4% on Monday.
In other metal precious metals futures Tuesday:
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October platinum fell $18.80 to $938.70 an ounce, ranging from $927.10 to $957.70.
- Palladium for December delivery plummeted $104.20 to $1,975.60 an ounce, trading between $1,917 and $2,087.50.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Tuesday by 246,000 ounces in American Silver Eagles and a combined 1,500 ounces in American Gold 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 | August | September | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 19,500 | 9,500 | 112,000 | 29,000 | 775,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 1,000 | 0 | 3,000 | 21,000 | 3,000 | 80,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 2,000 | 0 | 6,000 | 34,000 | 6,000 | 126,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 5,000 | 5,000 | 5,000 | 50,000 | 10,000 | 340,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 10,000 | 4,500 | 27,500 | 14,500 | 250,000 |
| $1 American Eagle 1 Oz Silver Coin | 246,000 | 750,000 | 1,475,000 | 3,930,000 | 2,225,000 | 25,165,500 |
| $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 |
