Gold, Silver and Palladium Little Changed Tuesday, May 22

by CoinNews.net on May 22, 2018 · 0 comments

1000 g gold bars

Precious metals futures were, for the most part, little changed Tuesday, May 22

Precious metals futures posted very modest changes Tuesday, aside from platinum which advanced 1%.

Gold for June delivery edged up $1.10, or 0.09%, to settle at $1,292 an ounce on the Comex division of the New York Mercantile Exchange.

"The safe haven is still trading near the $1,290/ounce level, where it has remained stuck for a week now, showing little response to developments on the trade or geopolitical fronts," MarketWatch quoted Marios Hadjikyriacos, a strategist with brokerage XM.

Gold futures traded from a low of $1,287.20 to a high of $1,296. They slipped less than 0.1% (40 cents) on Monday.

Silver for July delivery added 5.5 cents, or 0.3%, to finish at $16.575 an ounce. Silver futures ranged from $16.46 to $16.70. They rose 0.4% on Monday.

In rounding out precious metals futures prices on Tuesday:

  • July platinum climbed $9 to $908.80 an ounce, trading between $896.30 and $912.

  • After surging 3.2% on Monday, palladium for June delivery declined $3.60, or 0.4%, to $986.80 an ounce, ranging from $982.700 to $1,000.30.

London Precious Metals Prices

LBMA bullion prices are available on the LBMA website with a delay of midnight.

US Mint Bullion Sales in 2018

United States Mint bullion sales were unchanged. 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)
Tuesday Last Week This Week April May 2018 Sales
$100 American Eagle 1 Oz Platinum Coin 0 10,000 0 0 10,000 30,000
$50 American Eagle 1 Oz Gold Coin 0 3,000 4,000 4,000 8,500 56,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 0 16,000
$10 American Eagle 1/4 Oz Gold Coin 0 12,000 0 0 12,000 38,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 5,000 5,000 10,000 110,000
$50 American Buffalo 1 Oz Gold Coin 0 5,500 1,500 2,000 11,500 42,000
$1 American Eagle 1 Oz Silver Coin 0 100,000 230,000 915,000 380,000 6,387,500
Pictured Rocks 5 Oz Silver Coin 0 0 0 0 0 30,000
Apostle Islands 5 Oz Silver Coin 0 0 0 30,000 0 30,000

 

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