Precious metals posted losses on Tuesday that ranged from 0.7% for both gold and platinum to 4% for palladium. Gold’s decline was its first in eight sessions, and after scoring a nearly three-month high on Monday.
Gold for April delivery shed $13.20 to settle at $1,856.20 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices backed off from a nearly three-month high scored overnight, as risk appetite in the marketplace up-ticked Tuesday as geopolitical tensions have eased just a bit … for now. Rising U.S. Treasury yields and sharply lower oil prices are also negatives for the precious metals on this day” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,845.40 and $1,881.60. They climbed 1.5% on Monday to register their best settlement since Nov. 17.
Silver for March declined 50.6 cents, or 2.1%, to settle at $23.342 an ounce. Silver futures ranged from $23.11 to $24.02. They surged 2.1% on Monday, for their highest close since Jan. 25.
In other precious metals futures prices Tuesday:
April platinum fell $7.60 to $1,020.40 an ounce, trading between $1,005.50 and $1,035.
- Palladium for March delivery dropped $93.70, or 4%, to $2,252.30 an ounce, ranging from $2,187.50 to $2,373.50.
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||February||2022 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||21,000||10,500||41,000||123,500||31,500||155,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||45,000||0||45,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||0||2,000||64,000||2,000||66,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||10,000||5,000||0||195,000||15,000||210,000|
|$50 American Buffalo 1 Oz Gold Coin||0||5,500||6,500||10,500||61,500||12,000||73,500|
|$1 American Eagle 1 Oz Silver Coin||0||500,000||480,500||0||5,001,000||980,500||5,981,000|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||0||0|
|$25 American Eagle 1 Oz Palladium Coin||0||0||0||0||0||0||0|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||0||0||0|
I like this one too
Mr. Bill, you remember your friend Mr. Sluggo.
It might be a painful memory
Kaiser, maybe you should censor this one…………