Precious metals divided on Thursday with platinum and palladium rising and gold and silver falling. Losses for gold and silver were their first in six sessions and follow one-month settlement highs.
Gold for June delivery shed $9.80, or 0.5%, to settle at $1,974.90 an ounce on the Comex division of the New York Mercantile Exchange.
Gold and silver declined "on downside corrections following recent good gains. A higher U.S. dollar index that hit a two-year high and rising U.S. Treasury yields that this week hit three-year highs are bearish elements that worked against the precious metals market bulls on this day," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,962.70 and $1,984. They rose 0.4% on Wednesday, for their highest settlement since March 11, they climbed 1.4% on Tuesday, and they edged 0.1% higher on Monday. For the week, gold prices advanced 1.5%.
Silver for May delivery lost 33 cents, or 1.3%, to close at $25.70 an ounce. Silver futures ranged from $25.46 to $26.12. They gained 1.2% on Wednesday, also for their best settlement since March 11, they surged 3% on Tuesday, and they rose 0.7% on Monday. For the week, silver prices soared 3.5%.
In other precious metals prices on Thursday and for the week:
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July platinum added $4.60, or 0.5%, to $994.20 an ounce, trading between $972.20 and $996. It gained 1.9% on the week.
- Palladium for June delivery rose $15.90, or 0.7%, to $2,355.40 an ounce, ranging from $2,308 and $2,381.50. It dropped 2.7% on the week.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Thursday and for the week. 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) | |||||||
|---|---|---|---|---|---|---|---|
| Thursday / This Week | Last Week | January | February | March | April | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 21,500 | 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 | 6,000 | 64,000 | 4,000 | 20,000 | 6,000 | 94,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 25,000 | 195,000 | 25,000 | 75,000 | 25,000 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 7,000 | 61,500 | 28,500 | 64,500 | 7,000 | 161,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 425,000 | 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 |
