Gold Dips for Fresh 5-Month Low, American Eagle 1 Oz Coins Gain


Homestake Mining Company silver bullion bar

Gold futures declined to a fresh five-month low on Tuesday. Further losses were suppressed by a weaker U.S. dollar.

Gold for February delivery tilted down $1.10, or less than 0.1%, to close at $1,220.80 an ounce on the Comex division of the New York Mercantile Exchange. That is gold’s lowest settlement price since July 5. Gold traded from an intraday low of $1,214.60 to a high of $1,225.80. On Monday, the precious metal tumbled 2.3%.

"Despite a small short-covering rally today, gold is susceptible to further pullbacks. Right now a stronger crude market and lower dollar are the only things that keep gold higher," Reuters quoted Frank McGhee, head precious metals dealer at Chicago commodities brokerage Alliance Financial LLC.

Silver for March delivery closed down 22.4 cents, or 1.2%, to $19.07 an ounce, ranging from $18.98 to $19.34. Prices sank 3.7% in the prior session.

PGMs broke their downward trend Tuesday. In their closings:

  • January platinum added $9, or 0.7%, to $1,355.80 an ounce, trading between $1,341.10 and $1,359.20.

  • Palladium for March delivery gained $1.40, or 0.2%, to $714.80 an ounce, ranging from $709.60 to $716.35.

London Fix Precious Metals

London bullion fixings declined for a second straight day. In contrasting the Monday PM to Tuesday PM London fix prices:

  • Gold fell $12.25, or 1%, to $1,217.25 an ounce,
  • Silver lost 58 cents, or 2.9%, to $19.17 an ounce,
  • Platinum shed $12, or 0.9%, to $1,345 an ounce, and
  • Palladium dipped $6, or 0.8%, to $711 an ounce

US Mint Bullion Sales in December

Sales of the two most popular U.S. Mint bullion coins advanced Tuesday. The one-ounce American Eagle Gold rose 9,000 and the one-ounce American Silver Eagle climbed 110,500. Listed below are sales across all United States Mint bullion products.

American Eagle and Buffalo Bullion Sales (# of coins)
Tuesday Sales Last Week Week/Month To Date YTD Sales
$50 American Eagle Gold Bullion Coins 9,000 13,000 9,000 699,000
$25 American Eagle Gold Bullion Coins 0 0 0 58,000
$10 American Eagle Gold Bullion Coins 0 0 0 118,000
$5 American Eagle Gold Bullion Coins 0 0 0 520,000
$50 American Buffalo Gold Bullion Coins 0 6,000 0 232,000
White Mountain 5 oz. Silver Bullion Coins Sold Out 35,000
Perry’s Victory 5 oz. Silver Bullion Coins 0 0 0 27,100
Great Basin 5 oz. Silver Bullion Coins 0 0 0 28,600
Fort McHenry 5 oz. Silver Bullion Coins Sold Out 30,000
Mount Rushmore 5 oz. Silver Bullion Coins Sold Out 35,000
American Eagle Silver Bullion Coins 110,500 800,000 349,500 41,824,500


In numismatic coin news today, the uncirculated Gold Eagle sold out with sales around the 7,134 mark.

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