Palladium advanced on Wednesday while gold, silver and platinum declined for a second day in a row. The three declining metals also logged their lowest settlements in over a week.
Gold for June delivery shed $3.40, or 0.2%, to settle at $1,955.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since April 11.
"Gold and silver prices are modestly weaker in midday U.S. trading Wednesday, on some more downside corrective action after recent gains. Bulls are fading and need a fresh fundamental element to boost them and to keep alive the near-term price uptrends in the two precious metals markets,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,941 and $1,957.60. They fell 1.4% on Tuesday and they rose 0.6% on Monday — posting their highest settlement since March 10.
Silver for May delivery lost 12 cents, or 0.5%, to end at $25.271 an ounce. Like for gold, the settlement was the lowest since April 11. Silver futures ranged from $24.98 to $25.40. They dropped 2.9% on Tuesday and they gained 1.8% on Monday, for their highest finish since March 11.
In PGM futures on Wednesday:
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July platinum dipped $1.70, or 0.2%, to $987 an ounce, trading between $973 and $993.20. The close was platinum’s worst since April 12.
- Palladium for June delivery soared $81.70, or 3.4%, to $2,462.10 an ounce, ranging from $2,367 and $2,490.50.
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 | February | March | April | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 39,500 | 86,000 | 140,500 | 61,000 | 411,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 2,000 | 0 | 5,000 | 3,000 | 53,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 8,000 | 4,000 | 20,000 | 14,000 | 102,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 25,000 | 75,000 | 25,000 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 10,000 | 28,500 | 64,500 | 17,000 | 171,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 408,000 | 1,500,000 | 1,080,500 | 833,000 | 8,414,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 25,800 | 14,200 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SENZA, that’s a Whole Lotta Love!
SEE 04-20-2022