Precious metals kicked off the new trading week on Monday with losses that ranged from 0.1% for gold to 2.4% for palladium.
Gold for February delivery dipped $2.50 to settle at $1,797.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are a bit weaker in midday U.S. holiday-type trading Monday. Prices have traded both sides of unchanged today amid a quieter start to the trading week and as the holiday season begins. Traders are awaiting fresh fundamental inputs for the metals," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,793.20 and $1,808.60. They edged 0.6% lower last week. Last Tuesday, gold at $1,825.50 an ounce marked its best settlement since June 24.
Silver for March delivery declined 12.9 cents, or 0.6%, to end at $23.199 an ounce. Silver futures ranged from $23.03 to $23.63. They gave back 1.6% last week. Last Wednesday, silver at $24.136 an ounce registered its best close since April 22.
In other precious metals prices on Monday:
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January platinum lost $12.30, or 1.2%, to $987.70 an ounce, trading between $984.40 and $1,013.40.
- Palladium for March delivery fell $41.70 to $1,664.90 an ounce, ranging between $1,656.50 and $1,740.
Last week, platinum fell 3.5% and palladium dropped 13.3%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales last changed on Nov. 21. 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) | |||||||
|---|---|---|---|---|---|---|---|
| December | July | August | September | October | November | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 59,500 | 47,500 | 47,500 | 59,500 | 6,000 | 846,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 5,000 | 2,000 | 0 | 2,000 | 0 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 4,000 | 4,000 | 2,000 | 0 | 140,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 20,000 | 20,000 | 15,000 | 15,000 | 0 | 575,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 39,500 | 22,500 | 44,500 | 39,500 | 4,500 | 410,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 850,000 | 850,000 | 833,000 | 1,258,000 | 1,407,000 | 15,904,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 15,500 | 1,000 | 0 | 0 | 0 | 80,000 |
Being busy, I hadn’t kept up with the fall.
New UK pounds. There will be five, ten, twenty and fifty pound notes. The first coins, 50 pence and 5 pounds, are already in circulation.
All metals are up today. Silver may even reach $25.