Precious metals marked another day of losses on Wednesday — two in a row for gold, platinum and palladium and four straight for silver.
Gold for June delivery dipped $4.40, or 0.2%, to settle at $1,923.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since a week ago Tuesday, March 29.
"The ongoing war in Ukraine is providing a tailwind for bullion by keeping the market on edge as the situation evolves," MarketWatch quoted Thomas Westwater, analyst at DailyFX, in emailed commentary.
Gold futures traded between $1,916.20 and $1,937.60. They shed 0.3% on Tuesday and they edged 0.5% higher on Monday.
Silver for May delivery stepped back 7.6 cents, or 0.3%, to finish at $24.458 an ounce. The close was the lowest since Feb. 28 when silver settled at $24.366 an ounce. Silver prices ranged from $24.20 to $24.68. They lost 0.2% on Tuesday and they dipped 0.3% on Monday.
In PGM futures on Wednesday:
-
July platinum fell $20, or 2.1%, to $953.10 an ounce, trading between $950 and $975.30.
- Palladium for June delivery declined $50.60, or 2.3%, to $2,184.70 an ounce, ranging from $2,166 to $2,275.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged Wednesday. 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) | |||||||
|---|---|---|---|---|---|---|---|
| Wednesday | Last Week | January | February | March | This Week / April | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 19,000 | 123,500 | 86,000 | 140,500 | 21,500 | 371,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 45,000 | 0 | 5,000 | 1,000 | 51,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 64,000 | 4,000 | 20,000 | 6,000 | 94,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 195,000 | 25,000 | 75,000 | 25,000 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 11,000 | 61,500 | 28,500 | 64,500 | 7,000 | 161,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 5,001,000 | 1,500,000 | 1,080,500 | 425,000 | 8,006,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | N/A | 25,800 | 14,200 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
