Precious metals registered losses on Tuesday that ranged from 0.4% for gold to 2.4% for silver.
Gold for December delivery shed $6.40 to settle at $1,789.40 an ounce on the Comex division of the New York Mercantile Exchange.
"The week ahead could be volatile for gold prices … the yellow metal is likely to be influenced by the dollar’s movements, Treasury yields, inflation expectations and global risk sentiment," Lukman Otunuga, a senior research analyst at FXTM, said in a note according to Reuters.
Gold futures ranged from a low of $1,787.50 to a high of $1,797.80. They rose 0.7% on Monday.
Silver for December delivery fell 56.6 cents to settle at $23.507 an ounce. Silver futures traded between $23.75 and $24.14. They gained 0.5% on Monday.
In other precious metals futures prices on Tuesday:
-
January platinum gave back $28, or 2.6%, $1,039.30 an ounce, ranging from $1,038.50 to $1,069.20.
- Palladium for December delivery declined $44.90, or 2.2%, to $2,007.40 an ounce, trading between $2,003.50 and $2,054.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales were unchanged on 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 / This Week | Last Week | August | September | October | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 17,500 | 112,000 | 67,500 | 132,000 | 945,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 4,000 | 21,000 | 4,000 | 7,000 | 88,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 10,000 | 34,000 | 8,000 | 22,000 | 150,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 30,000 | 50,000 | 35,000 | 85,000 | 450,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 2,000 | 27,500 | 24,000 | 38,500 | 298,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 3,930,000 | 2,735,000 | 1,076,000 | 26,751,500 |
| $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 |
