Gold Sheds 0.4%; Silver Logs Second Modest Gain

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Silver advanced slightly for a second day in a row Tuesday while gold, platinum and palladium declined for a second time in three sessions.

Gold for December delivery lost $8.10, or 0.4%, to settle at $1,814.10 an ounce on the Comex division of the New York Mercantile Exchange.

"The market is fixated on when the Fed will taper and Friday’s jobs number could determine how soon that may happen. The near-term outlook for gold is still bullish, but two robust nonfarm payroll reports could put a wrench in that theory," Reuters quoted Edward Moya, senior market analyst at OANDA.

Gold futures ranged from a low of $1,809.50 to a high of $1,817.40. They rose 0.3% on Monday.

Silver for September delivery climbed less than a cent, or 0.03%, to settle at $25.582 an ounce. Silver futures traded between $25.27 and $25.61. They edged 0.1% ahead on Monday.

In other precious metals futures Tuesday:

  • October platinum fell $9.40, or 0.9%, to $1,046.90 an ounce, ranging from $1,036.30 to $1,055.40.

  • Palladium for September delivery declined $38.80, or 1.5%, to $2,645.30 an ounce, trading between $2,634.50 and $2,708.50.

US Mint Bullion Sales in 2021

Published U.S. Mint bullion sales were unchanged Tuesday. 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 Last Week This Week / August May June July 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 6,000 13,000 20,500 158,000 49,500 647,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 15,000 10,000 56,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 30,000 0 86,000
$5 American Eagle 1/10 Oz Gold Coin 0 40,000 15,000 0 90,000 40,000 295,000
$50 American Buffalo 1 Oz Gold Coin 0 500 0 44,000 27,500 14,500 208,000
$1 American Eagle 1 Oz Silver Coin 0 760,000 612,500 0 2,800,000 3,104,000 19,623,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 40,000 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 2,900 0 0 52,900

 

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