Gold Prices Slip 0.4% on Tuesday, Jan. 12

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999.9 fine gold bars and gold nuggets-jan12-21
Gold futures dipped 0.4% on Tuesday after climbing 0.8% on Monday

Precious metals divided Tuesday with prices for silver and platinum rising and those for gold and palladium falling. Silver’s increase was its second in a row.

Gold for February delivery gave back $6.60, or 0.4%, to settle at $1,844.20 an ounce on the Comex division of the New York Mercantile Exchange.

"Today’s losses in the yellow metal have given the bears some fresh downside momentum to suggest more price pressure in the near term. Likely mitigating selling pressure, however, will be some safe-haven demand due to potential storm clouds on the horizon," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.

Gold futures ranged from a low of $1,835.80 to a high of $1,864. They rose 0.8% on Monday.

Silver for March delivery picked up 15.1 cents, or 0.6%, to settle at $25.435 an ounce. Silver futures traded between $25 and $25.75. They surged 2.6% on Monday.

In other precious metals futures Tuesday:

  • April platinum jumped $23.20, or 2.2%, to $1,067.80 an ounce, ranging from $1,040 to $1,078.

  • Palladium for March delivery slipped $2.60, or 0.1%, to $2,376.20 an ounce, trading between $2,364.50 and $2,402.50.

London Precious Metals Prices (LBMA)

In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:

  • Gold declined $6, or 0.3%, to $1,841.25 an ounce.
  • Silver gained 50.5 cents, or 2%, to $25.525 an ounce.

US Mint Bullion Sales in 2021

United States Mint bullion sales increased Tuesday by 29,000 ounces in American Silver Eagles and 12,000 ounces in American Gold Eagles.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Tuesday Last Week This Week December 2020 Sales 2021 Sales
$50 American Eagle 1 Oz Gold Coin 12,000 43,500 24,500 48,500 747,500 68,000
$25 American Eagle 1/2 Oz Gold Coin 0 17,000 0 2,000 70,000 17,000
$10 American Eagle 1/4 Oz Gold Coin 0 22,000 6,000 0 106,000 28,000
$5 American Eagle 1/10 Oz Gold Coin 0 60,000 35,000 0 350,000 95,000
$50 American Buffalo 1 Oz Gold Coin 0 20,500 6,000 10,500 242,000 26,500
$1 American Eagle 1 Oz Silver Coin 29,000 2,800,000 1,875,000 751,000 30,089,500 4,675,000
America Samoa 5 oz Silver Coin* 0 0 0 0 45,000 0
Weir Farm 5 oz Silver Coin* 0 0 0 0 45,000 0
Salt River Bay 5 oz Silver Coin* 0 0 0 0 45,000 0
Marsh Billings 5 oz Silver Coin* 0 0 0 0 45,000 0
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 45,000 0
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 56,500 0

 

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