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|
They heard me and had some Swiss bars put there. 😉
Regrettably, the only Swiss bars I’ve ever had were made of 72% fine chocolate.
But they were delicious, weren’t they? 😉
Indeed, and I’d give them a “10” (previously “70”) on the new rating scale.
The date April 21 is slowly but surely being etched into the frontal lobes of my brain.