In trading action Wednesday, prices for platinum moved lower while those for gold, silver and palladium settled higher. The ending for gold was its best in nearly a week.
Gold for April delivery tacked on $15.80, or 0.8%, to finish at $1,937.30 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since March 17.
"Gold and silver prices are moderately higher near midday Wednesday, lifted in part by sharp gains in crude oil prices and a lower U.S. stock market at mid-week," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
"The other element very near the front burner of the marketplace is inflation worries. Rising inflation is historically bullish for the metals markets," Wyckoff added.
Gold futures ranged from $1,915.60 to $1,940. They shed 0.4% on Tuesday for their lowest settlement since March 16 and they inched 0.01% higher on Monday.
Silver for May delivery finished up 28.5 cents, or 1.1%, to $25.189 an ounce. Silver futures traded between $24.78 and $25.30. They dropped 1.6% on Tuesday, also for their lowest settlement since March 16, and they rose 0.9% on Monday.
In PGM futures on Wednesday:
-
April platinum dipped $4.10, or 0.4%, to $1,021 an ounce, ranging from $1,015.40 to $1,034.
- Palladium for June delivery picked up $42.80, or 1.7%, to $2,519.30 an ounce, trading between $2,483 and $2,589.
US Mint Bullion Sales in 2022
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.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Wednesday | Last Week | This Week | January | February | March | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 41,500 | 123,500 | 86,000 | 110,500 | 320,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 3,000 | 45,000 | 0 | 4,000 | 49,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 4,000 | 64,000 | 4,000 | 16,000 | 84,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 20,000 | 195,000 | 25,000 | 65,000 | 285,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 20,500 | 61,500 | 28,500 | 47,500 | 137,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 480,500 | 5,001,000 | 1,500,000 | 1,080,500 | 7,581,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 3,000 | N/A | 25,800 | 14,200 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Everything is up, including petroleum. Oh, and I first to enter a comment here? Whoopie me.
Congratulations Antonio, even you are up today (for the “first one and done award”). And I was betting on Sir Kaiser…
Good Sir Rich and First In Line Antonio,
I must be losing my touch. My admittedly unbelievably feeble excuse is that I just so happened to miss my usually obligatory afternoon grandpa nap today…oh shucks. Can’t win them all, or sometimes any of them.
By the way, congrats to Antonio for being First In Line At The Thread!
Oh no, I hope Sam (I am) Tweedy doesn’t find out about this.
Well, I look at it this way, Good Sir Rich. sam “I am” tweedy has in fact already blanket-labelled us Old Ladies!!!!!!!, so what’s a few old people naps (and a couple of missing molars) more or less between friends?
Speaking of Tweedy
Well this is a Double First – your not only the First One In but it’s also your first time being first – what a spectacular celebration this is.
And I don’t bring out Santa’s Stripping Elves for just any event.