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:
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|