Precious metals divided Tuesday with gold and platinum rising for their fourth straight gains and silver and palladium falling to mark their first losses since Wednesday.
Gold for December delivery edged up $2.80, or 0.2%, to settle at $1,830.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Sept. 3 when gold closed at $1,833.70 an ounce.
"Gold prices are on the cusp of a breakout," TD Securities analysts said in a note reported by Reuters. "Considering the extremely poor sentiment in precious metals across the last few months, the bar is low for prices to slice through trendline resistance."
Gold futures ranged from a low of $1,821 to a high of $1,833.40. They rose 0.6% on Monday.
Silver for December delivery declined 22.4 cents, or 0.9%, to settle at $24.318 an ounce. Silver futures traded between $24.09 and $24.57. They gained 1.6% on Monday, registering their highest settlement since Oct. 25.
In other precious metals futures prices Tuesday:
January platinum rose $1.40, or 0.1%, to $1,061.40 an ounce, ranging from $1,047.40 to $1,067.80.
- Palladium for December delivery fell $55.60, or 2.7%, to $2,022.10 an ounce, trading between $2,006 and $2,108.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Tuesday by a combined 34,500 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 / This Week||Last Week||September||October||November||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||19,000||17,500||67,500||135,500||36,500||985,500|
|$25 American Eagle 1/2 Oz Gold Coin||1,000||2,000||4,000||7,000||3,000||91,000|
|$10 American Eagle 1/4 Oz Gold Coin||4,000||2,000||8,000||22,000||6,000||156,000|
|$5 American Eagle 1/10 Oz Gold Coin||5,000||10,000||35,000||85,000||15,000||465,000|
|$50 American Buffalo 1 Oz Gold Coin||13,500||0||24,000||41,000*||13,500||314,000|
|$1 American Eagle 1 Oz Silver Coin||0||474,500||2,735,000||1,076,000||474,500||27,226,500|
|$100 American Eagle 1 Oz Platinum Coin||0||7,900||0||0||7,900||82,900|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||52,900|
*On Tuesday, the U.S. Mint adjusted October bullion sales for American Buffalo gold coins. Their sales increased by another 2,500 ounces for a monthly total of 41,000 ounces.