Gold gained for a third straight session on Monday and finished near a two-week high. Silver, platinum and palladium also gained on the day following their losses on Friday.
Gold for June delivery climbed $5.70, or 0.3%, to settle at $1,847.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since May 11.
"The metals [gold and silver] are being supported by the sharp losses in the U.S. dollar index that hit a four-week low today. Some safe-haven demand is also featured early this week amid an overall marketplace that still shows risk appetite far from robust,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,843.30 and $1,864.30. They advanced 1.9% last week.
Silver for July delivery edged up 4.9 cents, or 0.2%, to settle at $21.723 an ounce. Silver futures ranged from $21.66 to $22.21. They surged 3.2% last week.
In other precious metals futures prices on Monday:
-
July platinum added $9.20, or 1%, to $950.30 an ounce, trading between $948 and $971.70.
- Palladium for June delivery gained $27, or 1.4%, to $1,966.70 an ounce, ranging from $1,949.50 to $2,025.
Last week, platinum and palladium each rose 1.1%.
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 | 57,000 | 140,500 | 80,500 | 93,000 | 523,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 5,000 | 3,000 | 2,000 | 55,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 4,000 | 20,000 | 14,000 | 8,000 | 110,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 75,000 | 25,000 | 50,000 | 370,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 20,000 | 64,500 | 27,500 | 36,500 | 218,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 425,000 | 1,080,500 | 850,000 | 850,000 | 9,281,500 |
| $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 |
Good as
Major D, Thanks for the advance information on last week’s Mint Sales. I have not seen the sales data yet, but from what you have reported, the negative sales is startling, especially for the NLB Privy Proof Dollar. Once I have had a chance to look over the data, I will be able to provide better feedback. My first thought is that the Mint sales of the 2022 Commemorative Program products are being affected by the long time lag between initial pre-sale ordering and the coins actual release/fulfillment, similar to what we saw last year with the pre-sales of the… Read more »
Wait! All our previous comments were wiped out? That’s so unfair. Now I see what happened to Kaiser Wilhelm.
and SENZA. I can hear the wind howling through the trees. Eerie.
Oh, I doubt SENZA is gone, Antonio. It has been less than a day since his last post. I find it hard to believe I drove him away from this site with my last reply and I do not think he did anything that would result in this site banning him. I believe he is tough enough that he would not just slink away over some words. I am guessing he is thinking. He is probably preparing a fresh load of insults to unload on me as we speak. Or maybe he will surprise me and unveil a newer, kinder… Read more »
Antonius, Et tu, SENZA?
I miss his posts too, Major D.
I agree with your assessment, Major D. It may seem like a ghost town here with Sir Kaiser gone, but when you’re dealing with the United States Mint there is never a dull moment and coin-collecting life is full of surprises.