Precious metals moved higher as a group Tuesday. Gold’s gain was its second in a row. Silver and palladium, meanwhile, rebounded from about 14-month settlement lows.
Gold for December delivery added $14.40, or 0.8%, to settle at $1,778.20 an ounce on the Comex division of the New York Mercantile Exchange.
"There is still some safe-haven demand today after Monday’s sharp sell off in global stock markets that still has traders and investors uneasy in late-September — what can be a historically tumultuous time of year for stock and financial markets,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,758.30 to a high of $1,782.80. They rose 0.7% on Monday. They declined 2.3% last week, ending Friday at their lowest price since Aug. 10.
Silver for December delivery gained 40.7 cents, or 1.8%, to close at $22.611 an ounce. Silver futures traded between $22.21 and $22.72. They dipped 0.65% on Monday, logging their worst settlement since July 21, 2020.
In other precious metal futures Tuesday:
-
October platinum jumped $51.60, or 5.7%, to $950.80 an ounce, ranging from $902.20 to $955.80.
- Palladium for December delivery rose $29.30, or 1.6%, to $1,894.50 an ounce, trading between $1,864 and $1,939. On Monday, the posted their lowest finish since June 25, 2020.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Tuesday by 81,000 ounces in silver coins and a combined 13,500 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.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Tuesday | Last Week | This Week | August | September | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 5,500 | 29,500 | 14,500 | 112,000 | 63,500 | 809,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 1,000 | 3,000 | 1,000 | 21,000 | 4,000 | 81,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 2,000 | 6,000 | 2,000 | 34,000 | 8,000 | 128,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 10,000 | 5,000 | 15,000 | 50,000 | 25,000 | 355,000 |
| $50 American Buffalo 1 Oz Gold Coin | 6,000 | 5,500 | 7,500 | 27,500 | 23,000 | 258,500 |
| $1 American Eagle 1 Oz Silver Coin | 81,000 | 1,500,000 | 485,000 | 3,930,000 | 2,735,000 | 25,675,500 |
| $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 |
