Precious Metals Rise Wednesday, Jan. 5


Precious metals moved ahead for a second straight session on Wednesday, after falling on Monday. Their gains ranged from 0.5% for silver to 3.2% for platinum.

Gold for February delivery rose $10.50, or 0.6%, to settle at $1,825.10 an ounce on the Comex division of the New York Mercantile Exchange.

“The safe-haven metals are getting some support from a bit more risk aversion in the general marketplace at mid-week. A lower U.S. dollar index and higher crude oil prices are also bullish outside market forces working in favor of the metals bulls today,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,812.70 to a high of $1,830.70. They climbed 0.8% on Tuesday and they fell 1.6% on Monday, for their lowest settlement since Dec. 21.

Silver for March delivery tacked on 11.4 cents to settle at $23.17 an ounce. Silver futures traded between $22.89 and $23.30.

They advanced 1.1% on Tuesday and they dropped 2.3% on Monday, also for their lowest close since Dec. 21.

In PGM futures on Wednesday:

  • April platinum jumped $30.70 to $1,001.90 an ounce, ranging from $966.20 to $1,004.80.

  • Palladium for March delivery rose $42.90, or 2.3%, to $1,902.60 an ounce, trading between $1,844.50 and $1,924.50.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged on Wednesday. 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

 



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Deb Morgan has been a coin collector since she was young. She loves researching and reporting news about the numismatic community, and also about bullion coins, including silver, gold, platinum and palladium.

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