Prices for gold, silver and platinum climbed on Tuesday. Gold’s gain snapped a three-session losing streak. The yellow metal also ended near a two-week high.
Gold for February delivery — the new, most-active contract, rose $8.40, or 0.5%. to settle at $1,763.70 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 16.
"Some safe-haven demand has surfaced amid the civil unrest in China. The key ‘outside markets’ — the U.S. dollar index and crude oil — are in a bullish posture for gold and silver today as the USDX is a bit lower and crude oil prices are higher," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,752.90 and $1,773.40. They shed 0.8% on Monday.
Silver for March delivery bounced 31.1 cents, or 1.5%, to settle at $21.436 an ounce. Silver futures ranged from $21.06 to $21.64. They dropped 2.2% on Monday.
In other precious metals prices Tuesday:
January platinum added $9.30, or 0.9%, to $1,008.60 an ounce, trading between $995.40 and $1,018.50.
- Palladium for March delivery declined $12.90, or 0.7%, to $1,833.90 an ounce, ranging from $1,811.50 to $1,884.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales have been unchanged this week. 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||July||August||September||October||November / Last Week||2022 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||59,500||47,500||47,500||59,500||6,000||846,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||5,000||2,000||0||2,000||0||75,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||4,000||4,000||2,000||0||140,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||20,000||20,000||15,000||15,000||0||575,000|
|$50 American Buffalo 1 Oz Gold Coin||0||39,500||22,500||44,500||39,500||4,500||410,000|
|$1 American Eagle 1 Oz Silver Coin||0||850,000||850,000||833,000||1,258,000||1,407,000||15,904,500|
|$100 American Eagle 1 Oz Platinum Coin||0||15,500||1,000||0||0||0||80,000|
Today was a good day. Gold and silver are up.