In precious metals prices on Monday, gold gained while silver, platinum and palladium declined. Silver ended the day at a more than two-month low.
Gold for April delivery rose $2.90, or 0.2%, to settle at $1,879.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Bulls are now working to stop the bleeding following a surprisingly strong U.S. jobs report Friday that tanked the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,873.20 and $1,894. They finished 2.7% lower last week, for their first weekly loss in seven weeks, ending Friday at their lowest price since Jan. 10.
Silver for March delivery declined 16.8 cents, or 0.8%, to end at $22.237 an ounce. The close was the lowest since silver finished at $21.781 an ounce on Nov 30. Silver futures ranged from $22.17 to $22.64. They dropped last week by 5.2%.
In other precious metals prices on Monday:
April platinum shed $5.70, or 0.6%, to $974.60 an ounce, trading between $971.40 and $989.90.
- Palladium for March delivery fell $39, or 2.4%, to $1,579.40 an ounce, ranging from $1,539 to $1,621.
Last week, platinum lost 3.6% while palladium gained 1.2%.
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)|
|Last Week||January Sales||February|
|$50 American Eagle 1 Oz Gold Coin||13,500||118,000||0|
|$25 American Eagle 1/2 Oz Gold Coin||2,000||37,000||0|
|$10 American Eagle 1/4 Oz Gold Coin||10,000||62,000||0|
|$5 American Eagle 1/10 Oz Gold Coin||0||115,000||0|
|$50 American Buffalo 1 Oz Gold Coin||5,500||59,000||0|
|$1 American Eagle 1 Oz Silver Coin||0||3,949,000||0|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0|