Precious metals climbed in kicking off the new trading week on Monday. Gains ranged from less than 0.1% for gold to 1.8% for palladium.
Gold for April delivery inched up 20 cents, or 0.01%, to settle at $1,929.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Traders are trying to assess the economic impact of Ukraine in the second quarter and further quarters," Chintan Karnani, director of research at Insignia Consultants, told MarketWatch. "Hyperinflation and chances of stagflation are the reason for gold price trading over $1,900."
Gold futures ranged from $1,917.20 to $1,938.60. They dropped 2.8% last week.
Silver for May delivery tacked on 22.6 cents, or 0.9%, to end at $25.313 an ounce. Silver futures traded between $25.05 and $25.52. They sank 4.1% last week, for their first weekly decline in seven weeks.
In other precious metals prices on Monday:
-
April platinum rose $8.80, or 0.9%, to $1,044.70 an ounce, ranging from $1,026 to $1,049.60.
- Palladium for June delivery advanced $44.30 to $2,537.30 an ounce, trading between $2,459.50 and $2,608.
Last week, platinum lost 4.8% and palladium tumbled 10.9%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales increased on Monday by 480,500 ounces in silver coins, 66,500 ounces in gold coins and 3,000 ounces in platinum gains. The Mint’s reported bullion gains were their first since March 10.
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) | ||||||
|---|---|---|---|---|---|---|
| Monday | Last Week | January | February | March | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 41,500 | 0 | 123,500 | 86,000 | 110,500 | 320,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 3,000 | 0 | 45,000 | 0 | 4,000 | 49,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 4,000 | 0 | 64,000 | 4,000 | 16,000 | 84,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 20,000 | 0 | 195,000 | 25,000 | 65,000 | 285,000 |
| $50 American Buffalo 1 Oz Gold Coin | 20,500 | 0 | 61,500 | 28,500 | 47,500 | 137,500 |
| $1 American Eagle 1 Oz Silver Coin | 480,500 | 0 | 5,001,000 | 1,500,000 | 1,080,500 | 7,581,500 |
| $100 American Eagle 1 Oz Platinum Coin | 3,000 | 0 | N/A | 25,800 | 14,200 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 |
Speaking of Precious 2 days ago this guy told his 47,000 Youtube followers that the World was going to end immediately – take cover now – Red Alert ! He most certainly must work for the Government
Was it the aftermath of WW-Z ?
Oh, and congrats are in order; You beat Sir Kaiser again.
I think he mentioned good stuff the Dentist gave him.
Kaiser must never know I was here 🙂
As Kaiser one must know all.
I accidentally got whisked into the room first and the cat ate my homework but this might fix it https://www.youtube.com/watch?v=5Cg-j0X09Ag
All is forgiven, SENZA. A music video formulated out of collages is a first for me, and a marvelous one at that! Kudos, old buddy!
By the way, did the cat throw up?
Dagnabit and tarnation! Foiled again!
WW-X, Y, or Z regardless, this practice of posting the first comment in a thread had better not become a habit for SENZA. After all, nowhere in the Imperial Handbook does it say Der Kaiser has to be okay with playing second fiddle.
The world did exceed its shelf life, SENZA. We are now but holographic constructs.
I can relate to that https://www.youtube.com/watch?v=lcfnJi5grdc
SENZA,
How many guitars did that guy play in the video? I myself lost count.
I wouldn’t deny that he works for a state entity, SENZA, but I would bet dollars to donuts it’s the Gummint of Rooshia!
By the way, are all we “Old Ladies” awake and (red) alert now?
Major D, excellent observations on the historical price trends of silver since 1980, which some people believe is in the control of JPMorgan. As Ted Butler recently commented on the price manipulation of silver, “… on the bright side to all this is that any investor, large or small, can do something constructive about this manipulation in silver since with silver, there are countless ways to own silver away from the COMEX and that is a big and positive factor. Plus, since silver is so cheap, due to the manipulation, it’s available at close to inflation-adjusted all-time price lows. Heck,… Read more »
Unfortunately it’s only worth what people are willing to pay for it and the current hype of the Gold peddlers is not attracting any takers because they have already been taken for a ride.
In fact Gold has been a wild ride https://www.youtube.com/watch?v=gz_271z1A2U
Now that is what I would call a R-I-D-E if there ever was one!
Got my shipping notification from the US Mint I’m getting 5 sets over-nighted and somebody else gets my other 20 sets.
Overnighted, SENZA? Somebody does live in the fast lane.
J.P. Morgan ran things when he was alive and JPMorgan took up where he left off.
I sold a lot of Gold in 2020 – right now nobody wants my Gold so I threw some of my “Cleaned” Morgans on Feebay and they went fast. The 1878-P is my personal favorite
SENZA,
That’s alright, since those who have the gold make the rules! You win either way!
I still think the originals look better than the 2021s.
So true, Antonio. The originals’ mint luster and the cartwheel effect, best known for appearing on the Morgan silver dollars and Peace silver dollars, just ain’t there on the 2021 restrikes.
Major D,
Many thanks for the excellent info and corresponding commentary. By the way, rest assured you’re not the only one who has that general in the vicinity expiration date.
I do believe some found this more appealing – just saying
SENZA,
You’re right, they were a lot cuter when they were still just babies!
She, on the other hand, is just perfect the way she is.
I spent the whole morning canceling and refunding Sally Ride ebay orders thanks to the US Mints Glorious new Biden Picked Leader.
I also went to the US Mint website at noon just to see how it played out and those coins were sold out before they went on sale which solidifies my belief that that the sets taken away from me and others were just given directly to the Dealers and NGC
Like the Ride Sally Ride quarters.