Precious metals kicked off the new trading week on Tuesday with losses that ranged from 1.7% for silver to 2.6% for palladium.
Gold for December delivery gave back $35.20, or 1.9%, to settle at $1,798.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is finding new interest, but the precious metal is caught between a very confused economic outlook and the relentless new record highs in equities," Adrian Ash, director of research at BullionVault, wrote in a research note reported by MarketWatch.
Gold futures ranged from a low of $1,793.70 to a high of $1,833.50. They rose 0.8% last week, ending Friday at their best price since July 29.
Silver for December delivery fell 42.9 cents to end at $24.373 an ounce. Silver futures traded between $24.21 and $24.90. They moved up 3.1% last week.
In other precious metals futures prices on Tuesday:
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October platinum lost $25.70, or 2.5%, to $995.90 an ounce, ranging from $990 to $1,026.10.
- Palladium for December delivery declined $62.80 to $2,353.50 an ounce, trading between $2,335.50 and $2,434.
Last week platinum increased 1.5% and palladium gained 0.3%.
US Mint Bullion Sales in 2021
Published United States 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/ September | Last Week | June | July | August | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 11,500 | 158,000 | 49,500 | 112,000 | 746,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 15,000 | 10,000 | 21,000 | 77,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 28,000 | 30,000 | 0 | 34,000 | 120,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 90,000 | 40,000 | 50,000 | 330,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,500 | 27,500 | 14,500 | 27,500 | 235,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 750,000 | 2,800,000 | 3,104,000 | 3,930,000 | 22,940,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 52,900 |
