Gold, Silver and Platinum Rise in February Start

0

Precious metals kicked off February the same way as they ended January — gold, silver and platinum gained while palladium declined.

Gold for April delivery rose $5.10, or 0.3%, to settle at $1,801.50 an ounce on the Comex division of the New York Mercantile Exchange. The close was gold’s best since Jan. 26.

"There is some safe-haven demand coming into the gold and silver markets, amid geopolitical and Federal Reserve uncertainty. Short covering from the futures traders is also featured this week. The bulls have put together a two-day winning streak, following last week’s big losses," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,796.20 and $1,809.70. They rose 0.6% on Monday, trimming their January loss to 1.8%.

Silver for March delivery added 20.2 cents, or 0.9%, to settle at $22.595 an ounce. Silver futures ranged from $22.40 to $23.06. They increased 0.4% on Monday, reducing their drop in January to 4.1%.

In other precious metals futures prices Tuesday:

  • April platinum edged up $2.40, or 0.2%, to $1,023.20 an ounce, trading between $1,018.80 and $1,048.60.

  • Marking a second loss following nine straight gains, palladium for March delivery declined $9.30, or 0.4%, to end at $2,346.50 an ounce. Prices ranged from $2,300.50 to $2,393.50. On Friday, palladium at $2,375.30 an ounce registered its highest settlement since Sept. 3.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales were unchanged Tuesday. 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 January 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 22,500 13,500 41,000 123,500 123,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 1,000 45,000 45,000
$10 American Eagle 1/4 Oz Gold Coin 0 10,000 2,000 2,000 64,000 64,000
$5 American Eagle 1/10 Oz Gold Coin 0 30,000 15,000 0 195,000 195,000
$50 American Buffalo 1 Oz Gold Coin 0 11,000 8,500 10,500 61,500 61,500
$1 American Eagle 1 Oz Silver Coin 0 1,000,000 500,000 0 5,001,000 5,001,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 0
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 0

 

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments