Precious metals logged gains on Tuesday that ranged from 0.1% for gold to 2.8% for palladium. Silver’s increase was its fifth in a row. Gold’s sister metal also marked a five-week high.
Meanwhile, gold for February delivery rose $2.10 to settle at $1,810.90 an ounce on the Comex division of the New York Mercantile Exchange.
“The ongoing trend (for gold) remains sideways to higher in the near term, and we believe that this trend is coming from the continuation of the inflationary pressures that we see building in the market," Reuters quoted David Meger, director of metals trading at High Ridge Futures.
Gold futures traded between $1,809.40 and $1,821.60. They dipped 0.2% on Monday.
Silver for March delivery gained 13.2 cents, or 0.6%, to close at $23.121 an ounce. The settlement was the highest since Nov. 24 when silver ended at $23.496 an ounce. Silver prices ranged from a low of $23 to a high of $23.48. They edged 0.2% higher on Monday.
In other precious metals futures prices Tuesday:
April platinum — the new, most-active contract — added $8.80, or 0.9%, to $979.80 an ounce, trading between $964.40 and $989.90.
- Palladium for March delivery added $54.10 to $2,000.60 an ounce, ranging from $1,884.50 to $2,020.50.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales were unchanged on Tuesday. 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 / This Week||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|