Precious metals registered losses on Tuesday that ranged from 0.4% for gold to 2.4% for silver.
Gold for December delivery shed $6.40 to settle at $1,789.40 an ounce on the Comex division of the New York Mercantile Exchange.
"The week ahead could be volatile for gold prices … the yellow metal is likely to be influenced by the dollar’s movements, Treasury yields, inflation expectations and global risk sentiment," Lukman Otunuga, a senior research analyst at FXTM, said in a note according to Reuters.
Gold futures ranged from a low of $1,787.50 to a high of $1,797.80. They rose 0.7% on Monday.
Silver for December delivery fell 56.6 cents to settle at $23.507 an ounce. Silver futures traded between $23.75 and $24.14. They gained 0.5% on Monday.
In other precious metals futures prices on Tuesday:
January platinum gave back $28, or 2.6%, $1,039.30 an ounce, ranging from $1,038.50 to $1,069.20.
- Palladium for December delivery declined $44.90, or 2.2%, to $2,007.40 an ounce, trading between $2,003.50 and $2,054.
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||17,500||112,000||67,500||132,000||945,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||4,000||21,000||4,000||7,000||88,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||10,000||34,000||8,000||22,000||150,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||30,000||50,000||35,000||85,000||450,000|
|$50 American Buffalo 1 Oz Gold Coin||0||2,000||27,500||24,000||38,500||298,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||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|