Gold turned lower Tuesday after rising slightly in the previous session. The precious metal has declined in three of the last four sessions.
Gold for December delivery fell $6.60, or 0.5%, to finish at $1,308.10 an ounce on the Comex division of the New York Mercantile Exchange. Prices ranged from a low of $1,305.20 to a high of $1,320.60. On Monday, gold tacked on $1.50, or 0.1%.
"Gold prices ended the U.S. day session moderately lower Tuesday and gave up slight gains scored just after the futures market opened in New York," said Jim Wyckoff, a senior analyst at Kitco Inc, in a daily note. "The key ‘outside markets’ were bearish for the precious metals Tuesday, as the U.S. dollar index was higher and crude oil prices were lower."
Lower for a fourth consecutive session, silver for December delivery declined 6 cents, or 0.3%, to settle at $21.64 an ounce. Silver prices traded from $21.56 and $21.79.
PGM’s split Tuesday with platinum snapping a two-session winning streak and palladium extending gains to a third straight sessions.
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January platinum lost $6.20, or 0.4%, to $1,450.00 an ounce, ranging from $1,448.30 to $1,459.70.
- Palladium for December delivery edged up 80 cents, or 0.1%, to $750.30 an ounce, trading between $742.90 and $755.
London Fix Precious Metals
London precious metal fixings were lower to unchanged. In contrasting Monday PM to Tuesday PM London fix prices:
- Gold lost $13.25, or 1%, to $1,307.25 an ounce,
- Silver declined 25 cents, or 1.1%, to $21.60 an ounce,
- Platinum slipped $2, or 0.1%, to $1,451 an ounce, and
- Palladium was flat at $745 an ounce
US Mint Bullion Sales in November
Sales totals for U.S. Mint bullion coins were unchanged as of 3:46 p.m. ET. The latest daily, November and year-to-date United States Mint bullion sales figures are listed below.
American Eagle and Buffalo Bullion Sales (# of coins) | |||||
---|---|---|---|---|---|
Tuesday Sales | Last Week | Week-To-Date Sales | November Sales | YTD Sales | |
$50 American Gold Eagle Bullion Coins | 0 | 10,500 | 5,500 | 8,500 | 654,500 |
$25 American Gold Eagle Bullion Coins | 0 | 0 | 0 | 0 | 56,000 |
$10 American Gold Eagle Bullion Coins | 0 | 0 | 0 | 0 | 114,000 |
$5 American Gold Eagle Bullion Coins | 0 | 5,000 | 0 | 0 | 500,000 |
$50 American Buffalo Gold Bullion Coins | 0 | 3,000 | 500 | 500 | 218,500 |
White Mountain 5 oz. Silver Bullion Coins | Sold Out | 35,000 | |||
Perry’s Victory 5 oz. Silver Bullion Coins | 0 | 0 | 0 | 0 | 26,200 |
Great Basin 5 oz. Silver Bullion Coins | 0 | 0 | 0 | 0 | 27,200 |
Fort McHenry 5 oz. Silver Bullion Coins | 0 | 600 | 1,000 | 1,000 | 29,200 |
Mount Rushmore 5 oz. Silver Bullion Coins | 0 | 0 | 6,000 | 6,000 | 6,000 |
American Silver Eagle Bullion Coins | 0 | 701,000 | 0 | 0 | 39,175,000 |