Gold Sheds 0.5% on Tuesday, Oct. 18

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In futures trading Tuesday, palladium advanced for a second straight session while gold, silver and platinum gave back a portion of their prior-day gains.

Gold for December delivery shed $8.20, or 0.5%, to settle at $1,655.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver prices are lower in midday U.S. trading Tuesday, once again pressured by a higher-valued U.S. dollar on the foreign exchange market and by rising U.S. Treasury yields that see the benchmark 10-year note yield above 4.0%," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,650.60 and $1,666. They rose 0.9% on Monday

Silver for December delivery declined 11.9 cents, or 0.6%, to settle at $18.60 an ounce. Silver futures ranged from $18.49 and $18.87. They rallied 3.6% on Monday.

In other precious metals futures Tuesday:

  • January platinum lost $6.30, or 0.7%, to $907.30 an ounce, trading between $902.40 and $925.10.

  • Palladium for December delivery added $14, or 0.7%, to $2,013.90 an ounce, ranging from $1,997.50 to $2,037.50.

US Mint Bullion Sales in 2022

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 June July August September October 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 31,000 59,500 47,500 47,500 0 780,500
$25 American Eagle 1/2 Oz Gold Coin 0 6,000 5,000 2,000 0 0 73,000
$10 American Eagle 1/4 Oz Gold Coin 0 18,000 2,000 4,000 4,000 0 138,000
$5 American Eagle 1/10 Oz Gold Coin 0 135,000 20,000 20,000 15,000 0 560,000
$50 American Buffalo 1 Oz Gold Coin 0 21,500 39,500 22,500 44,500 21,500 387,500
$1 American Eagle 1 Oz Silver Coin 0 925,000 850,000 850,000 833,000 0 13,239,500
$100 American Eagle 1 Oz Platinum Coin 0 23,500 15,500 1,000 0 0 80,000
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