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|