Gold, silver and palladium climbed slightly on Monday while silver finished lower for a second straight session and marked a five-week low.
Gold for June delivery tacked on $10.30, or 0.5%, to close at $1,934 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold is holding up fairly well in the face of multiple super-sized rate hikes being priced into the markets and risk appetite remaining fairly strong," MarketWatch quoted Craig Erlam, senior market analyst at OANDA, in a market update.
"The inflation risk is seemingly providing plenty of support, which is why we’re seeing so many rate hikes being priced into the markets, along with the downside economic risks that continue to mount," he said.
Gold futures traded between $1,918.20 and $1,941.60. They declined 1.6% last week.
Silver for May delivery shed 6.4 cents, or 0.3%, to finish at $24.59 an ounce. The close was the lowest since Feb. 28 when silver settled at $24.366 an ounce. Silver prices ranged from $24.38 to $25. They lost 3.8% last week.
In other precious metals prices on Monday:
-
July platinum edged up $2.40, or 0.2%, to $991 an ounce, trading between $983.60 and $1,002.
- Palladium for June delivery added $7.50, or 0.3%, to $2,275 an ounce, ranging from $2,266 to $2,339.50.
Last week, platinum declined 2% and palladium fell 5.3%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Monday. 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 / April | Last Week | January | February | March | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 19,000 | 123,500 | 86,000 | 140,500 | 350,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 45,000 | 0 | 5,000 | 50,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 64,000 | 4,000 | 20,000 | 88,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 195,000 | 25,000 | 75,000 | 295,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 11,000 | 61,500 | 28,500 | 64,500 | 154,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 5,001,000 | 1,500,000 | 1,080,500 | 7,581,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 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 |
Yes Sir Kaiser, the precious metals market (silver and gold prices) is undergoing a choppy sideways consolidation; don’t get whipsawed!
Listen hush, hush
Thought I heard SENZA calling your name now
It’s only a secret when three people know it, and two of them are dead.
Sir Kaiser and Master Rich,
How sweet it is that we the watchers on the wall claim the prize succinctly and enter each thread with honor & determination to protect each thread from the threat of the White Walkers who wish to Chill our coin community
To Hell with Gold and Silver
Spot price madness https://www.youtube.com/watch?v=-C2sST-Kj9s