Precious metals split on Monday with gold and palladium gaining and silver and platinum falling. Gold’s gain was its first in three sessions.
Gold for February delivery rose $9.90, or 0.5%, to settle at $1,841.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Safe-haven buying is featured amid a ‘risk-off’ trading day in the marketplace to start the trading week. Silver prices are sharply down as that market is not seeing the safe-haven bid that gold is getting. Sharp losses in crude oil prices and a rally in the U.S. dollar index today are negatives for the metals markets, and they are also limiting the upside in gold,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,829.30 to a high of $1,844.90. They rose 0.8% last week.
Silver for March delivery dropped 52 cents, or 2.1%, to settle at $23.80 an ounce. Silver futures traded between $23.59 and $24.36. Last week silver advanced 6.1%.
In other precious metals futures on Monday:
-
April platinum shed $14.80, or 1.4%, to $1,020.30 an ounce, ranging from $1,003.20 to $1,041.80.
- Palladium for March delivery gained $36.70, or 1.7%, to $2,141 an ounce, trading between $2,084 and $2,149.
Last week platinum surged 7.3% and palladium soared 12%.
US Mint Bullion Sales in 2022
Published United States Mint increased on Monday by 980,500 ounces in silver coins and a combined 39,500 ounces in gold coins.
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 | Last Week | December | 2021 Sales | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 22,500 | 0 | 41,000 | 1,115,500 | 110,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 1,000 | 0 | 1,000 | 95,000 | 45,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 10,000 | 0 | 2,000 | 162,000 | 62,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 30,000 | 0 | 0 | 490,000 | 180,000 |
| $50 American Buffalo 1 Oz Gold Coin | 11,000 | 0 | 10,500 | 350,500 | 53,000 |
| $1 American Eagle 1 Oz Silver Coin | 980,500 | 0 | 0 | 28,275,000 | 4,481,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 75,000 | 0 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 8,700 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 52,900 | 0 |
