Gold Dips Tues., Jan. 26, for Fourth Straight Loss

0

Precious metals split Tuesday with gold and palladium falling and silver and platinum rising. Gold’s loss was its fourth in a row.

Gold for February delivery shed $4.30, or 0.2%, to settle at $1,850.90 an ounce on the Comex division of the New York Mercantile Exchange.

"There is no clarity on where fiscal spending is going, there is no full clarity of how the central bank is going to react … these uncertainties are serving as a cap on gold," Reuters quoted Bart Melek, head of commodity strategies at TD Securities.

Gold futures ranged from a low of $1,847.20 to a high of $1,860.80. They slipped 0.05% on Monday.

Silver for March delivery gained 5.4 cents, or 0.2%, to settle at $25.538 an ounce. Silver futures traded between $25.23 and $25.68. They lost 0.3% on Monday.

In other precious metals futures Tuesday:

  • April platinum added $2.70, or 0.2%, to $1,107.40 an ounce, ranging from $1,085 to $1,113.80.

  • Palladium for March delivery dropped $21.90, or 0.9%, to $2,325 an ounce, trading between $2,315 and $2,350.50.

London Precious Metals Prices (LBMA)

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

  • Gold dipped 25 cents, or 0.01%, to $1,856.60 an ounce.
  • Silver declined 23.5 cents, or 0.9%, to $25.40 an ounce.

US Mint Bullion Sales in 2021

United States Mint bullion sales increased Tuesday by a combined 4,500 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 4,500 16,000 59,000 48,500 747,500 191,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 5,000 2,000 70,000 22,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 8,000 0 106,000 36,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 0 350,000 95,000
$50 American Buffalo 1 Oz Gold Coin 0 29,500 0 10,500 242,000 56,000
$1 American Eagle 1 Oz Silver Coin 0 100,000 0 751,000 30,089,500 4,775,000
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
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments