Silver aside, which saw a bounce of over 1% and closed at a three-week high, prices for precious metals narrowly changed on Tuesday.
Gold for December delivery moved up by $1.40, or 0.07%, to settle at $1,935.70 an ounce on the Comex division of the New York Mercantile Exchange.
"The precious metals bulls are holding their own despite a stronger-than-expected U.S. retail sales report and rising U.S. Treasury yields this week," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Earlier Tuesday, the Commerce Department reported that retail sales rose a seasonally adjusted 0.7% in September from the previous month, and compared to estimates of 0.3%.
Gold futures traded between $1,924.60 and $1,944.50. They declined by 0.4% on Monday.
Meanwhile, silver for December delivery tacked on 25.9 cents, or 1.1%, closing at $23.024 an ounce — the highest settlement since Sept. 26. Silver futures ranged from $22.53 to $23.18. On Monday, they fell by 0.6%.
In other precious metals prices on Tuesday:
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January platinum advanced by $6.80, or 0.8%, to $906.20 an ounce, trading between $894.50 and $909.50.
- Palladium for December delivery dipped by 10 cents, or 0.01%, to $1,146.70 an ounce, ranging from $1,121 to $1,153.
US Mint Bullion Sales in 2023
On Tuesday, the U.S. Mint increased its bullion sales for October, with reported gains totaling 26,500 ounces in American Gold Eagles, 751,000 ounces in American Silver Eagles, and 7,500 ounces in American Gold Buffalos.
The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold (not total ounces) during different time periods.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Tuesday / Week | Last Week | August | September | October | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 24,000 | 21,000 | 78,000 | 27,500 | 85,500 | 857,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 1,000 | 0 | 2,000 | 13,000 | 3,000 | 91,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 2,000 | 6,000 | 2,000 | 30,000 | 14,000 | 178,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 15,000 | 5,000 | 150,000 | 40,000 | 30,000 | 605,000 |
| $50 American Buffalo 1 Oz Gold Coin | 7,500 | 8,000 | 19,500 | 18,500 | 29,000 | 360,000 |
| $1 American Eagle 1 Oz Silver Coin | 751,000 | 751,000 | 3,124,000 | 2,970,000 | 2,287,000 | 20,196,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 12,700 |
