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Gold ends week on five-week high

Gold finished this week at the best price since November 19th

Precious metals rose in low volume trading ahead of the Christmas break on Friday, building their weekly profits. Silver closed at a four-week high while gold hit a five-week high.

gold February delivery rose $ 9.50, or 0.5%, to level off at $ 1,811.70 per ounce at the Comex division of the New York Mercantile Exchange. The comparison was the highest since November 19, when gold ended at $ 1,851.60 an ounce.

Gold rose 0.4% this week after rising 1.1% last week and 0.05% in the week ending December 10th. They are 4.4% lower than in the previous year.

Looking ahead to next week, Kitco News offers the following predictions about their Wall Street and Main Street polls:

“This week, 13 Wall Street analysts took part in Kitco News’ gold poll. Among the participants, nine analysts, or 69%, called for the price of gold to rise next week. At the same time, bearish and neutral views received two votes, or 15%. everyone.

A total of 638 votes have now been cast in online polls on Main Street. Of these, 343 respondents, or 54%, expected the price of gold to rise in the next week. Another 134, or 21%, said lower, while 161 voters, or 25%, were neutral. “

Elsewhere, Silver- the delivery in March amounted to 12.1 cents, or 0.5% $ 22.94 an ounce. The closing price was its highest since November 26th when silver closed at $ 23.107 an ounce.

Silver futures traded 1.8% higher this week after rising 1.5% last week. They are 13.2% below the previous year.

In PGM Future prices on Thursday and for the week:

  • January platinum $ 6.70 or 0.7% added to end at $ 975.10 per ounce, for a weekly profit of 4.3%.

  • palladium for March delivery, added $ 67.60 or 3.6% to end at $ 1,956.90 per ouncewhich is a 9.6% increase over the week.

With losses of 9.7% for platinum and 20.3% for palladium, both are below the year-to-date level.

US Mint Bullion on sale in 2021

The United States Mint’s published bullion sales were unchanged this week. Below is a sales breakdown of US Mint’s gold coin products, with columns listing the number of coins sold during different time periods. Products with an asterisk

are no longer available.
US Mint Bullion Sales (Number of Coins) Thursday / This week Last week October November December
2021 sale $ 50 American Eagle 1 Oz Gold Coin 0 14,500 135,500 125,500 41,000
1,115,500 $ 25 American Eagle 1/2 Oz Gold Coin 0 1,000 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 2,500 41,000 39,500 10,500
350,500 1 US dollar American Eagle 1 ounce silver coin * 0 0 1,076,000 1,523,500 0
28,275,000 $ 100 American Eagle 1 ounce 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

Article Source : https://www.coinnews.net/2021/12/23/gold-ends-week-at-five-week-high/

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