Silver was by itself among precious metals Tuesday, slipping modestly as the others gained. Gold finished near a three-week high while palladium rallied to another record.
Gold for December delivery advanced $8.70, or 0.6%, to settle at $1,540.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Sept. 4.
"There are multiple influences on gold right now that could trigger a breakout or breakdown, but on a longer time frame the primary trend in gold turned higher this summer and we expect continued gains in the months and quarters ahead," MarketWatch quoted Tyler Richey, co-editor at Sevens Report Research.
Gold futures ranged from a low of $1,522.80 to a high of $1,543.30. They gained 1.1% on Monday.
Silver for December delivery declined 8.3 cents, or 0.4%, to settle at $18.628 an ounce. Silver futures traded between $18.31 and $18.81. They surged 4.8% on Monday, closing at their highest point since Sept. 5.
In rounding out precious metals dealings Tuesday:
-
October platinum rose $1.50, or 0.2% to $955.40 an ounce, ranging from $948.30 to $964.
- Palladium for December delivery tacked on $20.80, or 1.3%, to a record settlement of $1,646.40 an ounce. Palladium traded between $1,624.60 and $1,648.
London Precious Metals Prices
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold declined $1.45, or 0.1%, to $1,520.65 an ounce.
- Silver added 18 cents, or 1%, to $18.56 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
US Mint 2019 Bullion Sales
United States Mint bullion sales were unchanged. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | |||||
|---|---|---|---|---|---|
| Tuesday / This Week | Last Week | August | September | 2019 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 500 | 5,500 | 3,000 | 89,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 1,000 | 24,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 30,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 5,000 | 165,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 1,500 | 1,000 | 50,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 1,007,000 | 686,000 | 12,955,000 |
| War in the Pacific 5 Oz Silver Coin | 0 | 0 | 12,500 | 2,500 | 72,000 |
| American Memorial Park 5 Oz Silver Coin* | 0 | 0 | 2,000 | 0 | 80,000 |
| Lowell 5 Oz Silver Coin* | N/A | 80,000 | |||
| $100 American Eagle 1 Oz Platinum Coin* | N/A | 40,000 | |||
