Palladium advanced on Monday while gold, silver and platinum declined. Silver logged a more than four-month low. Gold settled near 3-month low.
Gold for June delivery fell $24.20, or 1.3%, to settle at $1,858.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Feb. 15 when gold ended at $1,856.20 an ounce.
"Rising bond yields are once again hitting the precious metals. Sharply lower crude oil prices today are also a negative for the metals markets,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from $1,854.80 to $1,885.60. They fell 1.5% last week.
Silver for July delivery lost 54.7 cents, or 2.5%, to close at $21.82 an ounce. The settlement was silver’s lowest since it ended Jan. 6 at $22.19 an ounce. Silver futures traded between $21.66 and $22.40. They dropped 3.1% last week.
In other precious metals futures prices on Monday:
-
July platinum gave back $17.50, or 1.8%, to $938.50 an ounce, ranging from $912.90 to $949.80.
- Palladium for June delivery rose $38.30, or 1.9%, to $2,061.50 an ounce, trading between $1,987 and $2,125.
Last week, platinum rose 1.8% while palladium sank 12.3%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Monday. 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 | March | April | May | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 36,000 | 140,500 | 80,500 | 36,000 | 466,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 5,000 | 3,000 | 1,000 | 54,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 4,000 | 20,000 | 14,000 | 4,000 | 106,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 75,000 | 25,000 | 0 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 16,500 | 64,500 | 27,500 | 16,500 | 198,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 425,000 | 1,080,500 | 850,000 | 425,000 | 8,856,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 14,200 | 0 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 |
Goin’ down! My poor preciouses.
Silver and gold were beaten with ugly sticks
It’ll improve, then go down, then go back up again. It’s like “follow the bouncing ball”.
Down She Goes
Look out below!
It’s all Going Down https://www.youtube.com/watch?v=-rcAsyG2pnE
As Sir Kaiser would say, “Oh the humanity…”
It went up in smoke.
How will Humanity survive without Hot Pockets
The crime of the century! This guy needs to get out more.
Oh the Bovinity!
Yikes
Oh the cowabunga!
That’s a good one Antonio, your on a Hot Streak
Now that’s one ugly stick
Where is Sir Kaiser? We have a Situation
He earlier mentioned something about deez alien abductions?
It’s a Celebration – I love major awards especially if they are from
Love ugly sweaters
Cowabugly
Where’s Rambo when you need him?
Before
After