Gold Logs First Loss in Eight Sessions

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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

 

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SENZA

OH No

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SENZA

I like this one too

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Antonio

Mr. Bill, you remember your friend Mr. Sluggo.

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SENZA

It might be a painful memory
Kaiser, maybe you should censor this one…………

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Last edited 3 months ago by SENZA