In precious metals Tuesday, prices climbed sharply for palladium while they fell solidly for silver and platinum. Gold, meanwhile, was little changed.
Gold for December edged down 10 cents, or 0.01%, to settle at $1,776.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Bulls still have some momentum and are working on a fledgling price uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at the November low of $1,618.30," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,770.20 and $1,791.80. They rose 0.4% on Monday, for their highest finish since Aug. 16.
Silver for December delivery dropped 59.5 cents, or 2.7%, to settle at $21.518 an ounce. Silver futures traded between $21.45 and $22.38. They gained 2.1% on Monday, for their best settlement since June. 2.
In other precious metals prices on Tuesday:
-
January platinum fell $10.60, or 1%, to $1,022.40 an ounce, ranging from $1,017 to $1,051.50.
- Palladium for December delivery advanced $38.30, or 1.9%, to $2,078.30 an ounce, trading between $2,018 and $2,113.
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) | |||||||
|---|---|---|---|---|---|---|---|
| Tuesday / 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 |
Not much change. I guess the nay sayers will have to wait for another day.
Precious metal analysts often disagree, so it’s safe to assume that the nay sayers and yea sayers represent antithetical branches of the analytic decision tree.
Antonio, this 600-year-old English coin hit my eye like a big pizza pie.
Might not be amore, Good Sir Rich, but it is definitely aurum.