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|