Precious Metals Rise Tuesday, Sept. 21

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Precious metals moved higher as a group Tuesday. Gold’s gain was its second in a row. Silver and palladium, meanwhile, rebounded from about 14-month settlement lows.

Gold for December delivery added $14.40, or 0.8%, to settle at $1,778.20 an ounce on the Comex division of the New York Mercantile Exchange.

"There is still some safe-haven demand today after Monday’s sharp sell off in global stock markets that still has traders and investors uneasy in late-September — what can be a historically tumultuous time of year for stock and financial markets,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,758.30 to a high of $1,782.80. They rose 0.7% on Monday. They declined 2.3% last week, ending Friday at their lowest price since Aug. 10.

Silver for December delivery gained 40.7 cents, or 1.8%, to close at $22.611 an ounce. Silver futures traded between $22.21 and $22.72. They dipped 0.65% on Monday, logging their worst settlement since July 21, 2020.

In other precious metal futures Tuesday:

  • October platinum jumped $51.60, or 5.7%, to $950.80 an ounce, ranging from $902.20 to $955.80.

  • Palladium for December delivery rose $29.30, or 1.6%, to $1,894.50 an ounce, trading between $1,864 and $1,939. On Monday, the posted their lowest finish since June 25, 2020.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales increased Tuesday by 81,000 ounces in silver coins and a combined 13,500 ounces in gold coins.

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 5,500 29,500 14,500 112,000 63,500 809,500
$25 American Eagle 1/2 Oz Gold Coin 1,000 3,000 1,000 21,000 4,000 81,000
$10 American Eagle 1/4 Oz Gold Coin 2,000 6,000 2,000 34,000 8,000 128,000
$5 American Eagle 1/10 Oz Gold Coin 10,000 5,000 15,000 50,000 25,000 355,000
$50 American Buffalo 1 Oz Gold Coin 6,000 5,500 7,500 27,500 23,000 258,500
$1 American Eagle 1 Oz Silver Coin 81,000 1,500,000 485,000 3,930,000 2,735,000 25,675,500
$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

 

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