All but palladium declined on Tuesday. Gold’s loss was its second in a row following seven straight gains and a five-month settlement high.
Gold for December delivery fell $12.50, or 0.7%, to settle at $1,854.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices are moderately lower in midday dealings Tuesday, after hitting a five-month high overnight. Silver pushed to a three-month high and also backed off. Both precious metals saw some routine profit-taking from the shorter-term futures traders, following recent good gains. A rally in the U.S. dollar index to a 15-month high today also worked against the metals market bulls," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,851 to a high of $1,879.50. They dipped 0.1% on Monday. On Friday, they closed at $1,868.50 an ounce for their highest settlement since June 11.
Silver for December delivery shed 16.1 cents, or 0.6%, to settle at $24.944 an ounce. Silver futures traded between $24.82 and $25.49. They lost 1% on Monday. On Friday, they ended at $25.346 an ounce for their highest finish since Aug. 4.
In other precious metals futures prices Tuesday:
January platinum dropped $22.40, or 2%, to $1,074.50 an ounce, ranging from $1,070.20 to $1,113.10.
- Palladium for December delivery added $11.50, or 0.5%, to $2,167.60 an ounce, trading between $2,134.50 and $2,179.
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||Last Week||This Week||September||October||November||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||26,000||19,500||67,500||135,500||63,000||1,012,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||2,000||2,000||4,000||7,000||6,000||94,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||4,000||0||8,000||22,000||6,000||156,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||15,000||5,000||35,000||85,000||30,000||480,000|
|$50 American Buffalo 1 Oz Gold Coin||0||15,500||7,500||24,000||41,000||23,000||323,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||454,000||2,735,000||1,076,000||928,500||27,680,000|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||8,700||83,700|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||0||52,900|