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|