Precious metals registered modest gains on Tuesday, led by a 0.9% increase in silver. Gold’s advance was its first in six sessions.
Gold for December edged up 30 cents, or 0.02%. to settle at $1,739.90 an ounce on the Comex division of the New York Mercantile Exchange.
"The metals [gold and silver] are getting a slight lift from a lower U.S. dollar index and higher crude oil prices on this day. U.S. Treasury yields have down-ticked today and that’s also limiting selling interest in the safe-haven metals," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,737.90 and $1,751. They lost 0.8% on Monday, ending at their lowest price since Nov. 9.
Silver for December delivery rose 17.7 cents to settle at $21.049 an ounce. Silver futures ranged from $20.86 to $21.37. They gave back 0.6% on Monday, logging their weakest close since Nov. 4.
In other precious metals prices Tuesday:
January platinum added $7.80, or 0.8%, to $995.70 an ounce, trading between $989.10 and $1,007.60.
- Palladium for December delivery added $4.50, or 0.2%, to $1,857.50 an ounce, ranging from $1,845 to $1,893.50.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Tuesday. On Monday, they showed the first gains for the month. 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||July||August||September||October||November / This Week||2022 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||59,500||47,500||47,500||59,500||6,000||846,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||5,000||2,000||0||2,000||0||75,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||4,000||4,000||2,000||0||140,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||20,000||20,000||15,000||15,000||0||575,000|
|$50 American Buffalo 1 Oz Gold Coin||0||39,500||22,500||44,500||39,500||4,500||410,000|
|$1 American Eagle 1 Oz Silver Coin||0||850,000||850,000||833,000||1,258,000||1,407,000||15,904,500|
|$100 American Eagle 1 Oz Platinum Coin||0||15,500||1,000||0||0||0||80,000|