Precious metals climbed in kicking off the new trading week on Monday. Gains ranged from less than 0.1% for gold to 1.8% for palladium.
Gold for April delivery inched up 20 cents, or 0.01%, to settle at $1,929.50 an ounce on the Comex division of the New York Mercantile Exchange.
"Traders are trying to assess the economic impact of Ukraine in the second quarter and further quarters," Chintan Karnani, director of research at Insignia Consultants, told MarketWatch. "Hyperinflation and chances of stagflation are the reason for gold price trading over $1,900."
Gold futures ranged from $1,917.20 to $1,938.60. They dropped 2.8% last week.
Silver for May delivery tacked on 22.6 cents, or 0.9%, to end at $25.313 an ounce. Silver futures traded between $25.05 and $25.52. They sank 4.1% last week, for their first weekly decline in seven weeks.
In other precious metals prices on Monday:
-
April platinum rose $8.80, or 0.9%, to $1,044.70 an ounce, ranging from $1,026 to $1,049.60.
- Palladium for June delivery advanced $44.30 to $2,537.30 an ounce, trading between $2,459.50 and $2,608.
Last week, platinum lost 4.8% and palladium tumbled 10.9%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales increased on Monday by 480,500 ounces in silver coins, 66,500 ounces in gold coins and 3,000 ounces in platinum gains. The Mint’s reported bullion gains were their first since March 10.
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 | January | February | March | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 41,500 | 0 | 123,500 | 86,000 | 110,500 | 320,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 3,000 | 0 | 45,000 | 0 | 4,000 | 49,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 4,000 | 0 | 64,000 | 4,000 | 16,000 | 84,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 20,000 | 0 | 195,000 | 25,000 | 65,000 | 285,000 |
| $50 American Buffalo 1 Oz Gold Coin | 20,500 | 0 | 61,500 | 28,500 | 47,500 | 137,500 |
| $1 American Eagle 1 Oz Silver Coin | 480,500 | 0 | 5,001,000 | 1,500,000 | 1,080,500 | 7,581,500 |
| $100 American Eagle 1 Oz Platinum Coin | 3,000 | 0 | N/A | 25,800 | 14,200 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 |
