Gold Ends January Near 9.5-Month High

Gold surged 6.5% in January
Gold surged 6.5% in January

Precious metals advanced on Tuesday, the final trading day of January, but only gold gained on the month — its third straight monthly increase following seven consecutive monthly losses. The yellow metal also notched a near 9.5-month high.

Gold for April delivery rose $6.10, or 0.3%, to settle at $1,945.30 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 and silver prices are firmer in midday U.S. trading Tuesday, as traders stepped in to do some perceived bargain hunting on early-session price pullbacks. Trading action is more subdued just ahead of this week’s monetary policy decisions by major central banks," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

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

Gold prices not only scored a more than nine-month high, but they also posted a gain in January of 6.5%.

Meanwhile, silver for March delivery settled up 10.3 cents, or 0.4%, to $23.836 an ounce. Silver prices slipped 0.9% in January.

In other precious metals prices on Tuesday and for the month:

  • April platinum inched up 50 cents, or 0.5%, to end at $1,021.10 an ounce, but sank 5.7% in January.

  • Palladium for March delivery tacked on $20.30, or 1.3%, to end at $1,648.30 an ounce, but dropped 8.3% on the month.

US Mint Bullion Sales in 2023

Published United States Mint bullion sales last changed on Jan. 23. Combined sales for the month include:

  • 146,500 ounces in American Gold Eagles,
  • 53,500 ounces in American Gold Buffalos, and
  • 3,949,000 ounces in American Silver Eagles.

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 / Week 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
Notify of

Inline Feedbacks
View all comments

They heard me and had some Swiss bars put there. 😉

Last edited 2 months ago by Antonio
Kaiser Wilhelm

Regrettably, the only Swiss bars I’ve ever had were made of 72% fine chocolate.


But they were delicious, weren’t they? 😉

Kaiser Wilhelm

Indeed, and I’d give them a “10” (previously “70”) on the new rating scale.

Kaiser Wilhelm

The date April 21 is slowly but surely being etched into the frontal lobes of my brain.