Gold Dips while Silver Gains on Monday, Jan. 30


In kicking off the new trading week on Monday, silver, platinum and palladium climbed while gold declined for a third straight sessions after notching a nine-month high.

Gold for April delivery — the new, most-active contract — shed $6.40, or 0.3%, to close at $1,939.20 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is seeing a mild corrective pullback and a bit of profit taking from futures traders after prices last week hit a nine-month high, and just ahead of this week’s highly anticipated monetary policy meeting of the U.S. Federal Reserve,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

The FOMC’s two-day monetary policy meeting begins on Tuesday.

Gold futures traded between $1,936.20 and $1,950.10. They edged 0.06% higher last week for their sixth straight weekly increase. On Wednesday, gold at $1,942.60 an ounce registered its best settlement since April 21.

Silver for March delivery rose 11.1 cents, or 0.5%, to settle at $23.733 an ounce. Silver futures ranged from $23.63 to $23.92. They declined 1.3% last week.

In other precious metals prices on Monday:

  • April platinum added $3.80, or 0.4%, to $1,020.60 an ounce, trading between $1,011.50 and $1,025.80.

  • Palladium for March delivery gained $28.30, or 1.8%, to $1,628 an ounce, ranging from $1,600 to $1,646.

Last week, platinum fell 3% and palladium plunged 7.2%.

US Mint Bullion Sales in 2023

Published United States Mint bullion sales were unchanged on Monday. 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)
Monday November December 2022 Sales Last Week 2023 Sales
$50 American Eagle 1 Oz Gold Coin 0 6,000 4,000 850,000 3,500 104,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 75,000 0 35,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 140,000 0 52,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 575,000 0 115,000
$50 American Buffalo 1 Oz Gold Coin 0 4,500 0 410,000 9,000 53,500
$1 American Eagle 1 Oz Silver Coin 0 1,407,000 59,000 15,963,500 0 3,949,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 80,000 0 0
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It’s like a seesaw, gold rises, silver dips, silver rises, gold dips. Don’t keep your eggs in one basket. I’m glad I diversify.

Kaiser Wilhelm

I’m quite partial to owning gold and silver too, Antonio, but I can still dream about having some original, colorful and unbelievably precious Faberge Eggs in my basket.


I’m sorry, I thought this was one of those ads and I looked for a small x before I realized it’s a comment. My bad. Those ads are annoying though.

Kaiser Wilhelm

Sure enough, leave it to the Bradford Exchange to sell lower priced imitations of such invaluable treasures; what a way to get fooled all too easily!

Kaiser Wilhelm

Incidentally, the silver bars pictured at the top of today’s column happen to be German.


They could be Swiss German, even Austrian.

Kaiser Wilhelm

My god, man, nothing escapes you. Could there an FBI stint in your future?


Past my prime. I’m more like Columbo.

Kaiser Wilhelm

The cigar, the coat, the slouch…all of it?


Both gold and silver are up the following day.

Kaiser Wilhelm

Looks like everything’s up today. After four hours we have to go to the hospital.


I hope it’s not serious.

Kaiser Wilhelm

Thanks, but it’s a joke that clearly misfired, as in a “Viagra misadventure”.

Dazed and Coinfused

I know what you mean. Every time I take a viagra I get taller for a few hours. Regarding the comment of the silver bars, I don’t think they are Swiss as they don’t have any holes in them. And a heads up, you can get those cool eggs really cheap. All you need is a PAAS Easter egg dye kit, a bedazzler, glitter, and a little bit of time and you can make one for a fraction of the price. Then again, with the cost of eggs today you may be better off hiring a professional theif to grab… Read more »

Kaiser Wilhelm

I like your various points, Dazed and Coinfused. Unfortunately or otherwise, I’ll never discover my own reaction to Viagra; it’s contraindicated for heart conditions. Do the Swiss have to make their bars bigger to compensate for the holes? Perhaps it was PAAS who made the Easter Eggs for the Tsar and the rest of the story was fabricated. And at the risk of being somewhat redundant, I don’t think I’d know a Swiss bar from an Irish pub.

Major D

Kaiser, you show who you are by the company you keep. Being an enabler of someone who mocks the underground railroad and the death of JFK among many other repugnant things. Reminds me of how you enabled senza until he turned on you.

Kaiser Wilhelm

Have you lost your mind? Nothing you say makes the least bit of sense.

Last edited 1 month ago by Kaiser Wilhelm