Precious metals kicked off February the same way as they ended January — gold, silver and platinum gained while palladium declined.
Gold for April delivery rose $5.10, or 0.3%, to settle at $1,801.50 an ounce on the Comex division of the New York Mercantile Exchange. The close was gold’s best since Jan. 26.
"There is some safe-haven demand coming into the gold and silver markets, amid geopolitical and Federal Reserve uncertainty. Short covering from the futures traders is also featured this week. The bulls have put together a two-day winning streak, following last week’s big losses," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,796.20 and $1,809.70. They rose 0.6% on Monday, trimming their January loss to 1.8%.
Silver for March delivery added 20.2 cents, or 0.9%, to settle at $22.595 an ounce. Silver futures ranged from $22.40 to $23.06. They increased 0.4% on Monday, reducing their drop in January to 4.1%.
In other precious metals futures prices Tuesday:
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April platinum edged up $2.40, or 0.2%, to $1,023.20 an ounce, trading between $1,018.80 and $1,048.60.
- Marking a second loss following nine straight gains, palladium for March delivery declined $9.30, or 0.4%, to end at $2,346.50 an ounce. Prices ranged from $2,300.50 to $2,393.50. On Friday, palladium at $2,375.30 an ounce registered its highest settlement since Sept. 3.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged Tuesday. 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 | January | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 22,500 | 13,500 | 41,000 | 123,500 | 123,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 0 | 1,000 | 45,000 | 45,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 10,000 | 2,000 | 2,000 | 64,000 | 64,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 30,000 | 15,000 | 0 | 195,000 | 195,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 11,000 | 8,500 | 10,500 | 61,500 | 61,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 1,000,000 | 500,000 | 0 | 5,001,000 | 5,001,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 0 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 |
