Precious metals split on Monday with gold and palladium gaining and silver and platinum falling. Gold’s gain was its first in three sessions.
Gold for February delivery rose $9.90, or 0.5%, to settle at $1,841.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Safe-haven buying is featured amid a ‘risk-off’ trading day in the marketplace to start the trading week. Silver prices are sharply down as that market is not seeing the safe-haven bid that gold is getting. Sharp losses in crude oil prices and a rally in the U.S. dollar index today are negatives for the metals markets, and they are also limiting the upside in gold,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,829.30 to a high of $1,844.90. They rose 0.8% last week.
Silver for March delivery dropped 52 cents, or 2.1%, to settle at $23.80 an ounce. Silver futures traded between $23.59 and $24.36. Last week silver advanced 6.1%.
In other precious metals futures on Monday:
April platinum shed $14.80, or 1.4%, to $1,020.30 an ounce, ranging from $1,003.20 to $1,041.80.
- Palladium for March delivery gained $36.70, or 1.7%, to $2,141 an ounce, trading between $2,084 and $2,149.
Last week platinum surged 7.3% and palladium soared 12%.
US Mint Bullion Sales in 2022
Published United States Mint increased on Monday by 980,500 ounces in silver coins and a combined 39,500 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||22,500||0||41,000||1,115,500||110,000|
|$25 American Eagle 1/2 Oz Gold Coin||1,000||0||1,000||95,000||45,000|
|$10 American Eagle 1/4 Oz Gold Coin||10,000||0||2,000||162,000||62,000|
|$5 American Eagle 1/10 Oz Gold Coin||30,000||0||0||490,000||180,000|
|$50 American Buffalo 1 Oz Gold Coin||11,000||0||10,500||350,500||53,000|
|$1 American Eagle 1 Oz Silver Coin||980,500||0||0||28,275,000||4,481,500|
|$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|