Platinum rose on Tuesday, but gold, silver and palladium declined. Gold finished the day at a bit more than 29.5-month low.
Gold for December delivery lost $7.10, or 0.4%, to settle at $1,671.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was gold’s lowest since closing at $1,645.70 an ounce on April 3, 2020.
"Hawkish monetary policies from the U.S. Federal Reserve and other major central banks of the world have cast a pall over the stock and financial markets at present, but have boosted U.S. Treasury yields and the U.S. dollar index — both of which are competing assets with the safe-haven metals," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,668.10 and $1,688.80. They shed 0.3% on Monday.
Silver for December delivery fell 17.5 cents, or 0.9%, to close at $19.183 an ounce. The finish was silver’s worst since ending at $18.767 an ounce on Sept. 9. Silver futures ranged from $19.07 to $19.61. They dipped 0.1% on Monday.
In other precious metals futures on Tuesday:
-
October platinum added $4.30, or 0.5%, to $922.80 an ounce, trading between $917.60 and $933.90.
- Palladium for December delivery dropped $50.20, or 2.3%, to $2,170.50 an ounce, ranging from $2,114 to $2,226.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales increased Tuesday with gains in American Eagle gold and silver coins and American Buffalo 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 / This Week | May | June | July | August | September | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 27,500 | 164,500 | 31,000 | 59,500 | 47,500 | 47,500 | 780,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 7,000 | 6,000 | 5,000 | 2,000 | 0 | 73,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 8,000 | 18,000 | 2,000 | 4,000 | 4,000 | 138,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 10,000 | 50,000 | 135,000 | 20,000 | 20,000 | 15,000 | 560,000 |
| $50 American Buffalo 1 Oz Gold Coin | 27,000 | 56,000 | 21,500 | 39,500 | 22,500 | 38,500 | 360,000 |
| $1 American Eagle 1 Oz Silver Coin | 408,000 | 1,350,000 | 925,000 | 850,000 | 850,000 | 833,000 | 13,239,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 23,500 | 15,500 | 1,000 | 0 | 80,000 |
That’s more than two years! Yikes!