Precious metals moved ahead Tuesday, led by palladium which surged 2.2%. Gold ended the day near a 10-week high, following two straight session losses.
Gold for February delivery tacked on $10.80, or 0.6%, to settle at $1,852.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Nov. 18 when gold ended at $1,861.40 an ounce.
"It’s a general ‘risk-off’ trading mentality in the marketplace early this week, and that’s prompting buying interest in the safe-haven metals,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,834.40 to a high of $1,853.40. They rose 0.5% on Monday.
Silver for March delivery gained 9.6 cents, or 0.4%, to settle at $23.896 an ounce. Silver futures traded between $23.63 and $24.05. They lost 2.1% on Monday.
In other precious metals futures Tuesday:
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April platinum added $5.20, or 0.5%, to $1,025.50 an ounce, ranging from $1,006.90 to $1,034.20.
- Palladium for March delivery jumped $47.90 to $2,188.90 an ounce, trading between $2,124.50 and $2,205.50.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales increased on Tuesday by 19,500 ounces in silver 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) | ||||||
|---|---|---|---|---|---|---|
| Tuesday | Last Week | This Week | December | 2021 Sales | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 22,500 | 41,000 | 1,115,500 | 110,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 1,000 | 95,000 | 45,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 10,000 | 2,000 | 162,000 | 62,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 30,000 | 0 | 490,000 | 180,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 11,000 | 10,500 | 350,500 | 53,000 |
| $1 American Eagle 1 Oz Silver Coin | 19,500 | 0 | 1,000,000 | 0 | 28,275,000 | 4,501,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 75,000 | 0 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 8,700 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 52,900 | 0 |
