Gold Ends Near 10-Week High on Tuesday, Jan. 25

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Precious metals moved ahead Tuesday, led by palladium which surged 2.2%. Gold ended the day near a 10-week high, following two straight session losses.

Gold for February delivery tacked on $10.80, or 0.6%, to settle at $1,852.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 18 when gold ended at $1,861.40 an ounce.

"It’s a general ‘risk-off’ trading mentality in the marketplace early this week, and that’s prompting buying interest in the safe-haven metals,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,834.40 to a high of $1,853.40. They rose 0.5% on Monday.

Silver for March delivery gained 9.6 cents, or 0.4%, to settle at $23.896 an ounce. Silver futures traded between $23.63 and $24.05. They lost 2.1% on Monday.

In other precious metals futures Tuesday:

  • April platinum added $5.20, or 0.5%, to $1,025.50 an ounce, ranging from $1,006.90 to $1,034.20.

  • Palladium for March delivery jumped $47.90 to $2,188.90 an ounce, trading between $2,124.50 and $2,205.50.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales increased on Tuesday by 19,500 ounces in silver 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)
Tuesday Last Week This Week December 2021 Sales 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 22,500 41,000 1,115,500 110,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 1,000 95,000 45,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 10,000 2,000 162,000 62,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 30,000 0 490,000 180,000
$50 American Buffalo 1 Oz Gold Coin 0 0 11,000 10,500 350,500 53,000
$1 American Eagle 1 Oz Silver Coin 19,500 0 1,000,000 0 28,275,000 4,501,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 75,000 0
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 8,700 0
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 52,900 0

 

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