Gold Marks Third Straight Loss on Monday, Oct. 11

0

Palladium rallied on Monday while gold, silver and platinum declined. Gold’s loss was its third straight, although each retreat has been very modest — 0.2% on Thursday and 0.1% on both Friday and Monday.

Gold for December delivery declined $1.70 to settle at $1,755.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold investors seem to have come around to agreeing with the rest of the market’s interpretation of the September jobs number, basically that it wasn’t bad enough to derail the [Federal Reserve’s] plans to taper very soon," MarketWatch quoted Brien Lundin, editor of Gold Newsletter.

Gold futures ranged from a low of $1,749.90 to a high of $1,761.10. They shed 0.06% last week.

Silver for December delivery lost 4 cents, or 0.2%, to close at $22.665 an ounce. Silver futures traded between $22.49 and $22.83. They gained 0.8% last week.

In other precious metals futures prices on Monday:

  • January platinum fell $21.30, or 2.1%, to $1,006.90 an ounce, ranging from $1,004.60 to $1,037.60.

  • Palladium for December delivery advanced $46.50, or 2.2%, to $2,119.50 an ounce, trading between $2,085 and $2,179.50.

Last week platinum surged 5.6% and palladium soared 8.9%.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged on Monday. 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)
Monday Last Week August September October 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 81,500 112,000 67,500 81,500 895,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 21,000 4,000 0 81,000
$10 American Eagle 1/4 Oz Gold Coin 0 4,000 34,000 8,000 4,000 132,000
$5 American Eagle 1/10 Oz Gold Coin 0 20,000 50,000 35,000 20,000 385,000
$50 American Buffalo 1 Oz Gold Coin 0 12,500 27,500 24,000 12,500 272,000
$1 American Eagle 1 Oz Silver Coin 0 500,000 3,930,000 2,735,000 500,000 26,175,500
$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

 

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments