Precious metals advanced on Tuesday, posting gains ranging from 0.4% for gold to 2% for palladium. Gold’s increase was a fourth straight. It also logged a new, over nine-month high.
Gold for February delivery rose $6.80 to settle at $1,935.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was gold’s highest since it ended at $1,948.20 an ounce on April 21.
"Gold prices are modestly higher in choppy, two-sided trading at midday Tuesday, after hitting a nine-month peak overnight. The market is seeing some normal backing and filling on the charts today. Still, the technical posture for gold remains fully bullish," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,918.20 and $1,943.80. They edged 0.02% higher on Monday.
Silver for March delivery moved up 19.5 cents, or 0.8%, to settle $23.749 an ounce. Silver futures ranged from $23.31 and $23.88. They fell 1.6% on Monday.
In other precious metals prices on Tuesday:
-
April platinum added $10.50, or 1%, to $1,066.80 an ounce, trading between $1,050.70 and $1,068.80.
- Palladium for March delivery gained $34.10 to $1,735.50 an ounce, ranging from $1,683 to $1,747.
US Mint Bullion Sales in 2023
Published United States Mint bullion sales were unchanged on 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 | November | December | 2022 Sales | Last Week | This Week | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 6,000 | 4,000 | 850,000 | 11,000 | 3,500 | 104,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 75,000 | 1,000 | 0 | 35,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 140,000 | 2,000 | 0 | 52,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 575,000 | 0 | 0 | 115,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,500 | 0 | 410,000 | 500 | 9,000 | 53,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 1,407,000 | 59,000 | 15,963,500 | 500,000 | 0 | 3,949,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 80,000 | 0 | 0 | 0 |
Gold is looking golden. 🙂
How about American Gold Eagle and Gold Buffalo?
Sorry, I’m ‘Merican here.