In futures trading Tuesday, platinum gained for a fourth straight session while other metals declined. Losses for gold and silver were their first since Wednesday.
Gold for December delivery shed $2.70, or 0.1%, to settle at $1,885.10 an ounce on the Comex division of the New York Mercantile Exchange.
"There is a lack of conviction on the trajectory of safe haven flows, we’ve all this vaccine optimism in place, but we also have the U.S. and Europe still struggling with the pandemic," Reuters quoted Edward Moya, senior market analyst at OANDA. "Longer term trends are still supportive for gold to rally, but we’re seeing some investors kind of abandon their bullish bets. The vaccine news for many has made holding gold longer term less appealing."
Gold futures ranged from a low of $1,882.20 to a high of $1,892.70. They rose 0.08% on Monday.
Silver for December delivery declined 15.1 cents, or 0.6%, to settle at $24.651. Silver futures traded between $24.49 and $24.90. They edged 0.1% higher on Monday.
In other precious metals futures Tuesday:
-
January platinum climbed $9.60, or 1%, to $937.10 an ounce, ranging from $922.90 to $941.10.
- Palladium for December delivery fell $18.60, or 0.8%, to $2,326.50 an ounce, trading between $2,310.60 and $2,349.20.
London Precious Metals Prices (LBMA)
In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:
- Gold added $3.45, or 0.2%, to $1,889.05 an ounce.
- Silver rose 36.5 cents, or 1.5%, to $24.63 an ounce.
US Mint Bullion Sales in 2020
United States Mint bullion sales increased Tuesday by 276,000 ounces in silver coins and by 8,500 ounces in gold coins.
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 | Last Week | This Week | September | October | November | 2020 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 7,000 | 7,000 | 21,500 | 18,500 | 64,500 | 50,500 | 672,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 1,000 | 3,000 | 6,000 | 3,000 | 67,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 4,000 | 2,000 | 4,000 | 8,000 | 10,000 | 106,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 5,000 | 10,000 | 5,000 | 10,000 | 25,000 | 30,000 | 345,000 |
| $50 American Buffalo 1 Oz Gold Coin | 1,000 | 1,500 | 5,000 | 4,500 | 19,500 | 14,000 | 222,000 |
| $1 American Eagle 1 Oz Silver Coin | 276,000 | 1,048,500 | 276,000 | 2,958,500 | 3,397,000 | 2,977,500 | 27,511,000 |
| America Samoa 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Weir Farm 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Salt River Bay 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Marsh Billings 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 |
| Tallgrass Prairie 5 oz Silver Coin* | 0 | 0 | 0 | 45,000 | 0 | 0 | 45,000 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 56,500 |
