Precious metals logged another day of losses on Tuesday — their third in a row. The latest declines ranged from 1.4% for gold to 5.8% for palladium. The former ended the day near a two-week low.
Gold for June delivery — the new, most-active contract — fell $26.70 to close at $1,918 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since March 16 when gold ended at $1,909.20 an ounce.
"This could be a rough week for gold as renewed peace talks rekindle risk appetite," MarketWatch quoted Lukman Otunuga, manager, market analysis at FXTM, in a market update. "An appreciating dollar and rising Treasury yields are likely to rub salt into the wound, sending the precious metal on a slippery decline," he said.
Gold futures ranged from $1,893.20 to $1,934.40. They dipped 0.7% on Monday.
Silver for May delivery fell 46 cents, or 1.8%, to finish at $24.736 an ounce. Like for gold, silver’s close was its weakest since March 16. Silver futures traded between $24.04 and $25.14. They declined 1.6% on Monday.
In other precious metals futures prices Tuesday:
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July platinum — the new, most-active contract — shed $15, or 1.5%, to $978.80 an ounce, ranging from $957.40 to $993.20.
- Palladium for June delivery tumbled $129.70 to $2,112.70 an ounce, trading between $2,025.50 and $2,301.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Tuesday. 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 / This Week | Last Week | January | February | March | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 52,500 | 123,500 | 86,000 | 121,500 | 331,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 3,000 | 45,000 | 0 | 4,000 | 49,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 6,000 | 64,000 | 4,000 | 18,000 | 86,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 25,000 | 195,000 | 25,000 | 70,000 | 290,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 26,500 | 61,500 | 28,500 | 53,500 | 143,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 480,500 | 5,001,000 | 1,500,000 | 1,080,500 | 7,581,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 3,000 | 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 |
