By Kirk Maltais
Sales of gold metal coins totaled their highest level in over a decade in 2021, according to the U.S. Mint.
On its website, the Mint says that sales of gold via American Eagle coins totaled over 1.25 million ounces last year–which is the most the Mint has sold of these coins since 2009. The Mint also recorded 75,000 ounces of platinum sold last year, which is the most since 1998.
Prices for precious metals generally relaxed in 2021–with gold slipping 3.5% for the year, while platinum fell 10.3% and silver dropped 11.4%, according to data from The Wall Street Journal. Analysts say that they expect higher interest rates and a stronger dollar to impact gold prices in the coming year.
In trading Monday, gold futures are down 1.6% at $1,800.20 per ounce. Platinum futures are down 2.1% at $946.10 per ounce, and silver is down 2.3% at $22.82 per ounce.
Write to Kirk Maltais at [email protected]
(END) Dow Jones Newswires
01-03-22 1137ET
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