Gold Gains Modestly on Monday, April 4

4

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

 

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Rich

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

Last edited 1 month ago by Rich
Antonio

It’s only a secret when three people know it, and two of them are dead.

SENZA

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

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SENZA