Precious metals gained on Tuesday after falling on Monday. Their advances ranged from 0.8% for gold to 1.9% for palladium.
Gold for February delivery rose $14.50 to settle at $1,814.60 an ounce on the Comex division of the New York Mercantile Exchange.
“Bulls are enjoying the near-term technical advantage as prices have been trending higher recently, and that is prompting mostly chart-based traders to step in to buy the recent dips. Bulls are also showing strength despite this week’s sharply rising bond yields and a rally in the U.S. dollar index,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,798.10 to a high of $1,817.20. They fell 1.6% on Monday, for their lowest settlement since Dec. 21.
Silver for March delivery gained 24.6 cents, or 1.1%, to end at $23.056 an ounce. Silver futures traded between $22.65 and $23.41. They dropped 2.3% on Monday, also for their lowest close since Dec. 21.
In other precious metals futures prices Tuesday:
April platinum climbed $17.20, or 1.8%, to $971.20 an ounce, ranging from $946.10 to $983.60.
- Palladium for March delivery added $33.70 to $1,859.70 an ounce, trading between $1,825 and $1,896.
US Mint Bullion Sales in 2021
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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Tuesday / This Week||Last Week||October||November||December||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||135,500||125,500||41,000||1,115,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||7,000||6,000||1,000||95,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||22,000||10,000||2,000||162,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||85,000||40,000||0||490,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||41,000||39,500||10,500||350,500|
|$1 American Eagle 1 Oz Silver Coin*||0||0||1,076,000||1,523,500||0||28,275,000|
|$100 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||75,000|
|$25 American Eagle 1 Oz Palladium Coin*||0||0||0||8,700||0||8,700|
|Tuskegee Airmen 5 oz Silver Coin*||0||0||0||0||0||52,900|