Gold Dips From 8-Month High on Tuesday, Jan. 10

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In precious metals Tuesday, palladium gained while gold, silver and platinum declined. Gold’s loss was its first in three sessions. The precious metal slipped from an 8-month high.

Gold for February delivery shed $1.30, or 0.07%, to settle at $1,876.50 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver prices are near steady and silver prices a bit weaker in midday U.S. trading Tuesday, on normal corrective pullbacks and consolidation following recent gains. A firmer U.S. dollar index and an uptick in U.S. Treasury yields were bearish outside market forces for the metals on this day," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,872 and $1,885.20. They rose 0.4% on Monday, ending at their highest price since May 6.

Silver for March delivery gave back 20.6 cents, or 0.9%, to settle at $23.665 an ounce. Silver futures ranged from $23.55 to $23.91. They dipped 0.5% on Monday.

In other precious metals futures Tuesday:

  • April platinum fell $10.10, or 0.9%, to $1,088.50 an ounce, ranging from $1,082.50 to $1,097.90.

  • Palladium for March delivery climbed $1.90, or 0.1%, to $1,777.30 an ounce, trading between $1,766 and $1,811.

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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