Precious metals, after changing little Monday, posted losses on Tuesday that ranged from 0.8% for gold to 4.8% for palladium. Palladium finished at a fifteen-month low. Gold ended the day at a seven-week low.
Gold for December delivery fell $14.50 to settle at $1,737.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Aug. 10 when gold ended at $1,731.70 an ounce.
"Rising government bond yields and a stronger U.S. dollar index early this week are bearish elements for the metals markets. The safe-haven metals bulls are once again frustrated that risk-off attitudes in the marketplace today are not providing price support to their markets" Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,727.80 to a high of $1,754.30. They climbed 0.02% on Monday.
Silver for December delivery declined 22.7 cents, or 1%, to close at $22.467 an ounce. Silver futures traded between $22.08 and $22.68. They gained 1.2% on Monday.
In other precious metal futures Tuesday:
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January platinum — the new, most-active contract — lost $15.90, or 1.6%, to $961.90 an ounce, ranging from $958.70 to $984.70.
- Palladium for December delivery dropped $93.50 to $1,854.20 an ounce, trading between $1,841.50 and $1,951.50. The settlement was the weakest since palladium finished at $1,845.10 an ounce on June 25, 2020.
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 / This Week | Last Week | August | September | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 18,500 | 112,000 | 67,500 | 813,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 21,000 | 4,000 | 81,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 34,000 | 8,000 | 128,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 25,000 | 50,000 | 35,000 | 365,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 8,500 | 27,500 | 24,000 | 259,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 485,000 | 3,930,000 | 2,735,000 | 25,675,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 52,900 |
