Precious metals advanced on Tuesday, posting gains ranging from 0.4% for gold to 2% for palladium. Gold’s increase was a fourth straight. It also logged a new, over nine-month high.
Gold for February delivery rose $6.80 to settle at $1,935.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was gold’s highest since it ended at $1,948.20 an ounce on April 21.
"Gold prices are modestly higher in choppy, two-sided trading at midday Tuesday, after hitting a nine-month peak overnight. The market is seeing some normal backing and filling on the charts today. Still, the technical posture for gold remains fully bullish," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,918.20 and $1,943.80. They edged 0.02% higher on Monday.
Silver for March delivery moved up 19.5 cents, or 0.8%, to settle $23.749 an ounce. Silver futures ranged from $23.31 and $23.88. They fell 1.6% on Monday.
In other precious metals prices on Tuesday:
-
April platinum added $10.50, or 1%, to $1,066.80 an ounce, trading between $1,050.70 and $1,068.80.
- Palladium for March delivery gained $34.10 to $1,735.50 an ounce, ranging from $1,683 to $1,747.
US Mint Bullion Sales in 2023
Published United States Mint bullion sales were unchanged on Tuesday. 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 | November | December | 2022 Sales | Last Week | This Week | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 6,000 | 4,000 | 850,000 | 11,000 | 3,500 | 104,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 75,000 | 1,000 | 0 | 35,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 140,000 | 2,000 | 0 | 52,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 575,000 | 0 | 0 | 115,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,500 | 0 | 410,000 | 500 | 9,000 | 53,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 1,407,000 | 59,000 | 15,963,500 | 500,000 | 0 | 3,949,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 80,000 | 0 | 0 | 0 |
Gold is looking golden. 🙂
Goldilocks, Goldie Hawn, Goldfinger, Golden Earring, Gold Rush and Goldwater agree.
How about American Gold Eagle and Gold Buffalo?
Not to mention Kaiser Wilhelm II Gold 20 Mark.
Sorry, I’m ‘Merican here.
I’m extremely proud to be an American also, Antonio, but occasionally I find myself waxing just a bit nostalgic regarding my eighteen years overseas as an Austrian with German roots.