Precious metals climbed on Friday, padding or cementing weekly gains, ahead of an extended weekend with markets closed on Monday for the Christmas holiday.
Gold for February delivery rose $8.90, or 0.5%, to settle at $1,804.20 an ounce on the Comex division of the New York Mercantile Exchange.
Gold prices edged 0.2% higher this week after slipping 0.6% last week. They are 1.3% lower on the year to date.
Silver for March delivery tacked on 29.8 cents, or 1.3%, to settle at $23.92 an ounce. Silver prices advanced 2.5% this week after falling 1.6% last week. On Tuesday, silver at $24.271 an ounce scored its best finish since April 21. The precious metal is 2.4% higher on the year.
In PGM prices on Friday and for the week:
-
January platinum jumped $45, or 4.6%, to end at $1,029.60 an ounce, for a 3% weekly gain.
- Palladium for March delivery soared $59.60, or 3.6%, to end at $1,732 an ounce, logging a 1.5% gain on the week.
The pair is divided on the year so far with platinum 6.6% higher and palladium 9.4% lower.
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 |
