In precious metals Tuesday, prices climbed sharply for palladium while they fell solidly for silver and platinum. Gold, meanwhile, was little changed.
Gold for December edged down 10 cents, or 0.01%, to settle at $1,776.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Bulls still have some momentum and are working on a fledgling price uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at the November low of $1,618.30," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,770.20 and $1,791.80. They rose 0.4% on Monday, for their highest finish since Aug. 16.
Silver for December delivery dropped 59.5 cents, or 2.7%, to settle at $21.518 an ounce. Silver futures traded between $21.45 and $22.38. They gained 2.1% on Monday, for their best settlement since June. 2.
In other precious metals prices on Tuesday:
-
January platinum fell $10.60, or 1%, to $1,022.40 an ounce, ranging from $1,017 to $1,051.50.
- Palladium for December delivery advanced $38.30, or 1.9%, to $2,078.30 an ounce, trading between $2,018 and $2,113.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales have been unchanged for the month so far. 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 / November | June | July | August | September | October | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 31,000 | 59,500 | 47,500 | 47,500 | 59,500 | 840,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 6,000 | 5,000 | 2,000 | 0 | 2,000 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 18,000 | 2,000 | 4,000 | 4,000 | 2,000 | 140,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 135,000 | 20,000 | 20,000 | 15,000 | 15,000 | 575,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 21,500 | 39,500 | 22,500 | 44,500 | 39,500 | 405,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 925,000 | 850,000 | 850,000 | 833,000 | 1,258,000 | 14,497,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 23,500 | 15,500 | 1,000 | 0 | 0 | 80,000 |
Not much change. I guess the nay sayers will have to wait for another day.
Antonio, this 600-year-old English coin hit my eye like a big pizza pie.