Precious metals changed little Tuesday, aside from platinum which fell 1.2%. While modest, only gold scored a gain on the day.
Up for the first time in three sessions, gold for February delivery rose $1.10, or 0.06%, to settle at $1,782.40 an ounce on the Comex division of the New York Mercantile Exchange.
"The gold futures bulls have the overall near-term technical advantage. Prices are in a four-week-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at this week’s high of $1,822.90. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,733.50,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,779.10 and $1,793.20. They fell 1.6% on Monday.
Silver for March delivery shed 8.2 cents, or 0.4%, to settle at $22.335 an ounce. Silver futures ranged from $22.19 and $22.78. They dropped 3.6% on Monday.
In other precious metals prices on Tuesday:
-
January platinum gave back $12.10 to $995.40 an ounce, trading between $994.60 and $1,013.30.
- Palladium for March delivery declined $9.80, or 0.5%, to $1,851.50 an ounce, ranging from $1,862.50 to $1,898.50.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales last changed on Nov. 21. 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 / December | July | August | September | October | November | 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 |
Gold is getting closer to $1,800 an ounce.