Gold Logs Nearly 7-Month High on Wednesday, Jan. 4

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Precious metals divided on Wednesday with gold and palladium rising and silver and platinum falling. Gold posted a nearly 7-month settlement high, and extended its winning streak to four in a row.

Gold for February delivery rose $12.90, or 0.7%, to settle at $1,859 an ounce on the Comex division of the New York Mercantile Exchange. The finish was gold’s highest since ending at 1,875.50 an ounce on June 10.

"Safe-haven demand is featured so far this first trading week of 2023, amid shaky global stock markets and global economic growth worries. Bullish technical postures for gold and silver are also prompting more chart-based buying interest,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,842 and $1,871.30. They tacked on 1.1% in the start to the new trading week and year on Tuesday.

Silver for March delivery fell 27.2 cents, or 1.1%, to close at $23.964 an ounce. Silver futures ranged from $23.74 to $24.64. They gained 0.8% on Tuesday.

In PGM futures prices on Wednesday:

  • April platinum dipped $1, or 0.09%, to $1,092.30 an ounce, trading between $1,086.90 and $1,112.10.

  • After dropping 5.9% on Tuesday, palladium for March delivery rebounded $103.80, or 6.1%, to $1,796.70 an ounce. Palladium prices ranged from $1,705 to $1,805.50.

US Mint Bullion Sales in 2023

Published United States Mint bullion sales last changed on Dec. 29. 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)
August September October November December 2022 Sales 2023 Sales
$50 American Eagle 1 Oz Gold Coin 47,500 47,500 59,500 6,000 4,000 850,000 0
$25 American Eagle 1/2 Oz Gold Coin 2,000 0 2,000 0 0 75,000 0
$10 American Eagle 1/4 Oz Gold Coin 4,000 4,000 2,000 0 0 140,000 0
$5 American Eagle 1/10 Oz Gold Coin 20,000 15,000 15,000 0 0 575,000 0
$50 American Buffalo 1 Oz Gold Coin 22,500 44,500 39,500 4,500 0 410,000 0
$1 American Eagle 1 Oz Silver Coin 850,000 833,000 1,258,000 1,407,000 59,000 15,963,500 0
$100 American Eagle 1 Oz Platinum Coin 1,000 0 0 0 0 80,000 0
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Kaiser Wilhelm

For all you billionaires on this site, you’ll be the most interested in the column above.

Antonio

My precious

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Kaiser Wilhelm

Gollum’s a billionaire? And here I thought he was a penniless walking dead nudist.

George Wolfe

Good up up and away

Kaiser Wilhelm

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