Platinum finished lower on Monday while gold, silver and palladium gained. Silver notched its best finish in five-and-a-half months and gold logged its top close in three months.
Gold for December rose $7.50, or 0.4%, to settle at $1,776.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Aug. 16.
"Bullish traders stepped in to buy the early price weakness today. However, gains in the precious metals were limited by a rebound in the U.S. dollar index and rising U.S. Treasury yields to start the trading week," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,755.80 and $1,778.40. They gained 5.5% last week.
Silver for December delivery tacked on 44.60 cents, or 2.1%, to settle at $22.113 an ounce. The settlement was the highest since June 2. Silver futures traded between $21.37 and $22.19. They advanced 4.3% last week.
In other precious metals prices on Monday:
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January platinum lost $5.10, or 0.5%, to $1,033 an ounce, ranging from $1,013.60 to $1,049.20.
- Palladium for December delivery rose $13, or 0.6%, to $2,039.50 an ounce, trading between $1,951.50 and $2,045.
Last week, platinum surged 8.1% and palladium soared 10.2%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales have been unchanged for the month so far. 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) | |||||||
|---|---|---|---|---|---|---|---|
| Monday / November | June | July | August | September | October | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 31,000 | 59,500 | 47,500 | 47,500 | 59,500 | 840,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 6,000 | 5,000 | 2,000 | 0 | 2,000 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 18,000 | 2,000 | 4,000 | 4,000 | 2,000 | 140,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 135,000 | 20,000 | 20,000 | 15,000 | 15,000 | 575,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 21,500 | 39,500 | 22,500 | 44,500 | 39,500 | 405,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 925,000 | 850,000 | 850,000 | 833,000 | 1,258,000 | 14,497,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 23,500 | 15,500 | 1,000 | 0 | 0 | 80,000 |
Yay! Precious metals are looking good today, so far.
If this keeps up, the mint will have to start making silver eagles out of copper. And mad Mike Mezak will have to allow 7 flex pays or 24 months no interest on his TV pitches
Caffeine? Mad? Sounds like a Monday morning.
Must get boring. You don’t happen to have an “I’m Retired” fishing hat do you?