In precious metals Tuesday, gold and platinum climbed, rebounding from their lowest settlements this month, while silver and palladium declined for a third straight session.
Gold for December delivery rose $10.80, or 0.6%, to close at $1,686 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices are higher in midday U.S. trading Tuesday, on short covering in the futures market and some bargain hunting and/or safe-haven demand in the cash market. A weaker U.S. dollar index and pullback in U.S. Treasury yields on this day is also working in favor of the metals market bulls," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,667.50 and $1,691.30. They dropped 2% on Monday, marking their lowest finish since Sept. 30.
Silver for December delivery declined 12.8 cents, or 0.7%, to settle at $19.487 an ounce. The close was silver’s worst since Sept. 30. Silver futures ranged from $19.22 to $19.73. They plunged 3.2% on Monday
In other precious metals prices on Tuesday:
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January platinum added $3.30, or 0.4%, to $899.10 an ounce, trading between $884.10 and $906.20. On Monday, platinum also logged its lowest finish since Sept. 30.
- Palladium for December delivery fell $17.50, or 0.8%, to $2,150.40 an ounce, ranging from $2,121 to $2,203.50. The finish was palladium’s weakest since Sept. 27.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales changed for the first time this month with the American Gold Buffalo rising 21,500. In addition, the U.S. Mint adjusted September sales of the coin. Its total was increased to 44,500 coins from 38,500 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 / Oct. | May | June | July | August | September | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 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 | 0 | 50,000 | 135,000 | 20,000 | 20,000 | 15,000 | 560,000 |
| $50 American Buffalo 1 Oz Gold Coin | 21,500 | 56,000 | 21,500 | 39,500 | 22,500 | 44,500 | 387,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 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 |
Follow the bouncing ball.
Silver and gold, silver and gold.