Precious metals declined on Tuesday following two straight session gains. Their losses ranged from 0.7% for gold to 2.9% for platinum.
Gold for December delivery lost $13.40 to settle at $1,793.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are lower at midday Tuesday, on some normal backing and filling on the charts following recent gains. Both metals’ bulls remain comfortable at present, as near-term price uptrends are in place and the overall path of least resistance is sideways to higher," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low $1,783 to a high of $1,809.80. They climbed 0.6% on Monday for their highest settlement since Sept. 14.
Silver for December delivery fell 50.4 cents, or 2.1%, to end at $24.088 an ounce. Silver futures traded between $23.92 and $24.66. They also rose 0.6% on Monday. Silver ended yesterday at its best price since Sept. 3.
In other precious metals futures Tuesday:
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January platinum dropped $30.90 to $1,032.90 an ounce, ranging from $1,017 to $1,064.
- Palladium for December delivery declined $43.40, or 2.1%, to $2,004.80 an ounce, trading between $1,950.50 and $2,059.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales were unchanged on 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 | October | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 21,000 | 112,000 | 67,500 | 114,500 | 928,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 3,000 | 21,000 | 4,000 | 3,000 | 84,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 8,000 | 34,000 | 8,000 | 12,000 | 140,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 30,000 | 50,000 | 35,000 | 55,000 | 420,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,000 | 27,500 | 24,000 | 36,500 | 296,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 576,000 | 3,930,000 | 2,735,000 | 1,076,000 | 26,751,500 |
| $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 |
