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.
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:
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|