Precious metals climbed on Friday, padding or cementing weekly gains, ahead of an extended weekend with markets closed on Monday for the Christmas holiday.
Gold for February delivery rose $8.90, or 0.5%, to settle at $1,804.20 an ounce on the Comex division of the New York Mercantile Exchange.
Gold prices edged 0.2% higher this week after slipping 0.6% last week. They are 1.3% lower on the year to date.
Silver for March delivery tacked on 29.8 cents, or 1.3%, to settle at $23.92 an ounce. Silver prices advanced 2.5% this week after falling 1.6% last week. On Tuesday, silver at $24.271 an ounce scored its best finish since April 21. The precious metal is 2.4% higher on the year.
In PGM prices on Friday and for the week:
January platinum jumped $45, or 4.6%, to end at $1,029.60 an ounce, for a 3% weekly gain.
- Palladium for March delivery soared $59.60, or 3.6%, to end at $1,732 an ounce, logging a 1.5% gain on the week.
The pair is divided on the year so far with platinum 6.6% higher and palladium 9.4% lower.
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)|
|$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|
Palladium is down 9.4% on the year, which explains why it is now $72 below gold.
MERRY CHRISTMAS EVERYONE, AND TO ALL A HAPPY NEW YEAR!
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HAPPY BOXING DAY (and no, it won’t be a clamshell, sorry)!