Silver finished Monday at a more than four-week high while gold, platinum and palladium declined.
Gold for February delivery shed $2.90, or 0.2%, to settle at $1,808.80 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures traded between $1,803.60 and $1,814.60. They rose 0.4% last week, ending Friday at their highest point since Nov. 19.
"Technically, February gold futures bulls have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $1,840.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,775.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Silver for March delivery added 4.9 cents, or 0.2%, to close at $22.989 an ounce. The settlement was the highest since Nov. 26 when silver ended at $23.107 an ounce. Silver prices ranged from a low of $22.65 to a high of $23.15. They gained 1.8% last week.
In other precious metals futures prices on Monday:
January platinum shed $5.90, or 0.6%, to $969.20 an ounce, trading between $951.30 and $977.30.
- Palladium for March delivery declined $10.40, or 0.5%, to $1,946.50 an ounce, ranging from $1,934.50 to $1,998.50.
Last week platinum advanced 4.3% and palladium soared 9.6%.
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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Monday||Last Week||October||November||December||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||135,500||125,500||41,000||1,115,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||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||0||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|