Gold Marks Third Straight Gain on Tuesday, Feb. 9

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Prices for gold and platinum increased Tuesday while those for silver and palladium declined. Gold’s gain was its third in a row.

Gold for April delivery rose $3.30, or 0.2%, to settle at $1,837.50 an ounce on the Comex division of the New York Mercantile Exchange. The finish was gold’s highest since Feb 1.

"Gold prices are likely to move higher as stimulus talks continue over in Washington, and this is the biggest catalyst which is driving the prices higher," Naeem Aslam, chief market analyst at AvaTrade, told MarketWatch. "Having said that, we really need to break above the $1,900 mark before we can be confident that bulls are back in town."

Gold futures ranged from a low of $1,830.30 to a high of $1,849.50. They climbed 1.2% on Monday.

Silver for March delivery shed 17.4 cents, or 0.6%, to settle at $27.402 an ounce. Silver futures traded between $27.13 and $27.88. They surged 2.1% on Monday.

In other precious metals futures Tuesday:

  • April platinum gained $19.20, or 1.6%, to $1,194.40 an ounce, ranging from $1,170.60 to $1,206.40.

  • Palladium for March delivery declined $16.10, or 0.7%, to $2,320.60 an ounce, trading between $2,303.50 and $2,351.50.

London Precious Metals Prices (LBMA)

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

  • Gold rose $4.35, or 0.2%, to $1,839.60 an ounce.
  • Silver gained 45.5 cents, or 1.7%, to $27.635 an ounce.

US Mint Bullion Sales in 2021

United States Mint bullion sales increased Tuesday by 500,000 ounces in silver coins and a combined 7,500 ounces in gold coins.

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 December January Sales February 2021 Sales
$50 American Eagle 1 Oz Gold Coin 7,000 64,500 48,500 191,000 71,500 262,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 2,000 22,000 0 22,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 36,000 0 36,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 95,000 0 95,000
$50 American Buffalo 1 Oz Gold Coin 500 9,000 10,500 61,500 9,500 71,000
$1 American Eagle 1 Oz Silver Coin 500,000 1,621,000 751,000 4,775,000 2,121,000 6,896,000
America Samoa 5 oz Silver Coin* 0 0 0 0 0 0
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 0
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 0
Marsh Billings 5 oz Silver Coin* 0 0 0 0 0 0
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 0 0 0
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0
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Jake

Thank you coinnews. In other news my noose, my flame Janet Yellen told President Biden to tell all the big wig swamp CEOs yadda yadda yadda

Jake

And CNN back to fake news, and Van Jones with his big nothing burger.

Jake

Van Jones what a F****** muppet

Jake

Also, Reuters interviewed Marc Chandler, a non free thinker

Jake

The federal reserve a safe flexible and stable monetary system. Says who?

Jake

I know this is a coin forum but fox thinks we need more guns, this is America if you dont have guns, you dont live in America. Also my wife’s credit card was stolen but I dont want to cancel because the thief spends less than her! Ok we cant stay here, but I cant go home, my wife is there! Lol

chuck

Jake, What does it all mean? The ATB 5 oz bullion sales for 2019 shows: 80k, 80k, 72.5k, 55.2k, 25k but no total for the year. The 2020 ATB 5 oz bullion sales shows: 45k, 45k, 45k, 45k, 45k but no total for the year.Can they not do math or do they not really know what they might have sold or are they holding for future sales or—? If it is only an addition problem perhaps you could help them. Good luck on your collecting the 5 year platinum eagle series. Do you think it will be like the series… Read more »

Jake

Omg why are you doing arithmetic off the Wizard wizardy concocted inside the mint.

Jake

I collect. This is a hobby! Bitcoin included. You are thinking of selling tomorrow. Wrong! These are investment vehicles of the future whether you buy into it I couldn’t care less. When price goes up I buy, when price goes way up I buy a little less.

Jake

Remember everyone said diversify. Dont put all your eggs into one basket. Why would the mint change such a collectable NEST EGG if they didnt think change was good.. the future is digital, you have wells fargo discover capital one TCF, all online DiGiTaLlY, why not bitcoin? Oh someone said it’s a scam? What a muppet! Do the math!!!! UNDERSTAND?! HOLD and value skyrockets! Especially bitcoin! Buy today and account for the future. # said no one at the Federal reserve

Jake

Just tune into Fox CNN or any other media that wants to control your freethinker abilities. How do I send Kennedy a secret admirer gift? # vote Greg Gutfeld for President. No really, two freethinkers for the most part

Last edited 16 days ago by Jake
Jake

Is this real, oh real. Real. If you plan on making money, sell your bitcoin to me and I’ll thank you. # future coin collector of past and present # wheres the FED, oh shopping at Walmart and JP hmmmm