Gold prices advanced for a second straight session on Monday, ending at a just over 8-month high, while silver, platinum and palladium declined.
Scoring its sixth gain in seven sessions, gold for February delivery rose $8.10, or 0.4%, to settle at $1,877.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was gold’s best since ending at 1,882.80 an ounce on May 6.
Gold is "certainly glittering, gaining over 2.8% since the start of 2023 thanks to a softer dollar, falling Treasury yields and expectations of a less hawkish" Federal Reserve, Lukman Otunuga, manager of market analysis at FXTM, told MarketWatch on Monday.
Gold futures traded between $1,869.30 and $1,886.40. They jumped 2.4% last week.
Silver for March delivery shed 11.1 cents, or 0.5%, to close at $23.871 an ounce. Silver futures ranged from $23.80 to $24.29. Silver traded 0.2% lower last week.
In other precious metals futures prices on Monday:
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April platinum lost $5.70, or 0.5%, to $1,098.50 an ounce, ranging from $1,094.30 to $1,115.60.
- Palladium for March delivery fell $31.30, or 1.7%, to $1,775.40 an ounce, trading between $1,758 and $1,841.
Last week, platinum gained 2% and palladium rose 0.5%.
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 |
Brazil had the same thing happen to them. We lead by example. Sad.