Precious Metals Gain Tuesday, Jan. 4

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Precious metals gained on Tuesday after falling on Monday. Their advances ranged from 0.8% for gold to 1.9% for palladium.

Gold for February delivery rose $14.50 to settle at $1,814.60 an ounce on the Comex division of the New York Mercantile Exchange.

"Bulls are enjoying the near-term technical advantage as prices have been trending higher recently, and that is prompting mostly chart-based traders to step in to buy the recent dips. Bulls are also showing strength despite this week’s sharply rising bond yields and a rally in the U.S. dollar index," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,798.10 to a high of $1,817.20. They fell 1.6% on Monday, for their lowest settlement since Dec. 21.

Silver for March delivery gained 24.6 cents, or 1.1%, to end at $23.056 an ounce. Silver futures traded between $22.65 and $23.41. They dropped 2.3% on Monday, also for their lowest close since Dec. 21.

In other precious metals futures prices Tuesday:

  • April platinum climbed $17.20, or 1.8%, to $971.20 an ounce, ranging from $946.10 to $983.60.

  • Palladium for March delivery added $33.70 to $1,859.70 an ounce, trading between $1,825 and $1,896.

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

 

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