Precious metals were little changed Thursday, posting modest increases following losses for all but palladium on Wednesday. Gold’s gain was its fifth in six sessions.
Gold for June delivery edged up $1.30, or 0.07%, to settle at $1,847.60 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold seems to falter when it hits anything like a technical resistance and then you get long liquidation and profit taking. So this is the key issue for gold at the moment," Reuters quoted independent analyst Ross Norman.
Gold futures traded between $1,836.30 and $1,852.80. They fell 1% on Thursday, they gained 1% on Tuesday, for their highest settlement since May 6, and they climbed 0.3% on Monday.
Silver for July delivery rose 9.5 cents, or 0.4%, to settle at $21.965 an ounce. Silver futures ranged from $21.73 to $22.08. They shed 0.9% on Wednesday, they finished up 1.6% on Tuesday, also for their best close since May 6, and they edged 0.2% higher on Monday.
In other precious metals prices on Thursday:
-
July platinum added $8.10, or 0.9%, to $937.40 an ounce, trading between $924 and $939.
- Palladium for June delivery rose $4.20, or 0.2%, to $1,993.50 an ounce, ranging from $1,973.50 to $2,007.50.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Thursday. 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) | ||||||
|---|---|---|---|---|---|---|
| Thursday / This Week | 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 |
Great deal! Get your Buffalos while you can. Got that email from the Mint this morning.
Nice to hear from you, Antonio. Have a peaceful Memorial Day Holiday weekend.