Platinum rose on Tuesday, but gold, silver and palladium declined. Gold finished the day at a bit more than 29.5-month low.
Gold for December delivery lost $7.10, or 0.4%, to settle at $1,671.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was gold’s lowest since closing at $1,645.70 an ounce on April 3, 2020.
"Hawkish monetary policies from the U.S. Federal Reserve and other major central banks of the world have cast a pall over the stock and financial markets at present, but have boosted U.S. Treasury yields and the U.S. dollar index — both of which are competing assets with the safe-haven metals," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,668.10 and $1,688.80. They shed 0.3% on Monday.
Silver for December delivery fell 17.5 cents, or 0.9%, to close at $19.183 an ounce. The finish was silver’s worst since ending at $18.767 an ounce on Sept. 9. Silver futures ranged from $19.07 to $19.61. They dipped 0.1% on Monday.
In other precious metals futures on Tuesday:
October platinum added $4.30, or 0.5%, to $922.80 an ounce, trading between $917.60 and $933.90.
- Palladium for December delivery dropped $50.20, or 2.3%, to $2,170.50 an ounce, ranging from $2,114 to $2,226.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales increased Tuesday with gains in American Eagle gold and silver coins and American Buffalo 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||May||June||July||August||September||2022 Sales|
|$50 American Eagle 1 Oz Gold Coin||27,500||164,500||31,000||59,500||47,500||47,500||780,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||7,000||6,000||5,000||2,000||0||73,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||8,000||18,000||2,000||4,000||4,000||138,000|
|$5 American Eagle 1/10 Oz Gold Coin||10,000||50,000||135,000||20,000||20,000||15,000||560,000|
|$50 American Buffalo 1 Oz Gold Coin||27,000||56,000||21,500||39,500||22,500||38,500||360,000|
|$1 American Eagle 1 Oz Silver Coin||408,000||1,350,000||925,000||850,000||850,000||833,000||13,239,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||23,500||15,500||1,000||0||80,000|