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|