Precious Metals Slip on Monday, Dec. 20

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Precious metals declined as a group on Monday, following their two straight session gains. Losses on the day ranged from 0.6% for gold to 2.2% for palladium.

Gold for February delivery shed $10.30 to settle at $1,794.60 an ounce on the Comex division of the New York Mercantile Exchange.

"The safe-haven metals were unable to benefit from a risk-off trader and investor mentality in the marketplace to start the holiday-shortened trading week. A big drop in crude oil prices today apparently trumped the safe-haven trade in the metals,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,789 to a high of $1,804.60. They gained 1.1% last week, ending Friday at their best price since Nov. 22.

Silver for March delivery fell 24.1 cents, or 1.1%, to settle at $22.291 an ounce. Silver futures traded between $22.19 and $22.44. They traded 1.5% higher last week.

In other precious metals prices on Monday:

  • January platinum declined $8.10, or 0.9%, to $926.40 an ounce, ranging from $909.20 to $932.

  • Palladium for March delivery fell $38.90 to $1,745.90 an ounce, trading between $1,688 and $1,778.

Last week platinum edged 0.03% higher and palladium rose 2%.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged on Monday. 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)
Monday Last Week October November December 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 14,500 135,500 125,500 41,000 1,115,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 7,000 6,000 1,000 95,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 22,000 10,000 2,000 162,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 85,000 40,000 0 490,000
$50 American Buffalo 1 Oz Gold Coin 0 2,500 41,000 39,500 10,500 350,500
$1 American Eagle 1 Oz Silver Coin 0 0 1,076,000 1,523,500 0 28,275,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 75,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 8,700 0 8,700
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 52,900

 

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