Precious metals split in their start to the new trading day on Monday with gold and silver rising and platinum and palladium falling.
Gold for February delivery climbed $1.40, or 0.08%, to settle at $1,798.80 an ounce on the Comex division of the New York Mercantile Exchange.
“Technically, February gold futures bulls and bears are on a level overall near-term technical playing field amid recent choppy trading. Bulls’ next upside price objective is to produce a close above solid resistance at the January high of $1,833.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at the December low of $1,753.00,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,789.30 to a high of $1,802. They declined 1.7% last week.
Silver for March delivery rose 5.3 cents, or 0.2%, to settle at $22.462 an ounce. Silver futures traded between $22.20 and $22.54. They dropped 4% last week.
In other precious metals prices on Monday:
-
April platinum gave back $22.90, or 2.4%, to $933.60 an ounce, ranging from $919.50 to $961.40.
- Palladium for March delivery declined $12.40, or 0.7%, to $1,909.20 an ounce, trading between $1,886.50 and $1,964.
Last week platinum lost 1% while palladium rose 0.5%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales increased Monday by 500,000 ounces in silver coins and a combined 37,000 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.
| US Mint Bullion Sales (# of coins) | |||||
|---|---|---|---|---|---|
| Monday | Last Week | December | 2021 Sales | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 14,000 | 73,500 | 41,000 | 1,115,500 | 87,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 18,000 | 26,000 | 1,000 | 95,000 | 44,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 14,000 | 38,000 | 2,000 | 162,000 | 52,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 35,000 | 115,000 | 0 | 490,000 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 7,000 | 35,000 | 10,500 | 350,500 | 42,000 |
| $1 American Eagle 1 Oz Silver Coin | 500,000 | 3,001,000 | 0 | 28,275,000 | 3,501,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 75,000 | 0 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 8,700 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 52,900 | 0 |
