Precious Metals Decline Tuesday, April 19

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Precious metals ended lower on Tuesday, registering drops ranging from 1.4% for gold to 3.1% for palladium. Losses in gold and silver come after both scored more than five-month highs on Monday.

Gold for June delivery fell $27.40 to settle at $1,959 an ounce on the Comex division of the New York Mercantile Exchange.

"Heightened geopolitical risks and global growth concerns could trigger risk aversion, sending investors rushing towards gold’s safe embrace," MarketWatch quoted Lukman Otunuga, manager, market analysis at FXTM. However, an appreciating dollar, rising Treasury yields, and expectation for a Federal Reserve interest-rate hike "may create multiple obstacles down the road."

Gold futures traded between $1,952.60 and $1,985.10. They rose 0.6% on Monday, posting their highest settlement since March 10.

Silver for May delivery dropped 75.9 cents, or 2.9%, to close at $25.391 an ounce. Silver futures ranged from $25.21 to $26.20. They gained 1.8% on Monday, for their highest finish since March 11.

In other precious metals prices on Tuesday.

  • July platinum declined $31.80 to $988.70 an ounce, trading between $982.30 and $1,026.40.

  • Palladium for June delivery fell $64.70, or 2.7%, to $2,380.40 an ounce, ranging from $2,346 and $2,442.50.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales increased on Tuesday by 408,000 ounces in silver coins and a combined 52,500 ounces in gold coins.

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)
Tuesday / This Week Last Week January February March April 2022 Sales
$50 American Eagle 1 Oz Gold Coin 39,500 0 123,500 86,000 140,500 61,000 411,000
$25 American Eagle 1/2 Oz Gold Coin 2,000 0 45,000 0 5,000 3,000 53,000
$10 American Eagle 1/4 Oz Gold Coin 8,000 0 64,000 4,000 20,000 14,000 102,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 195,000 25,000 75,000 25,000 320,000
$50 American Buffalo 1 Oz Gold Coin 10,000 0 61,500 28,500 64,500 17,000 171,500
$1 American Eagle 1 Oz Silver Coin 408,000 0 5,001,000 1,500,000 1,080,500 833,000 8,414,500
$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

 

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Antonio

You see, it’s always in flux. At least coins hold their numismatic value.

Antonio

Yes, I’ve seen her in action.

Rich

It was a Risk On day. Follow the FOMO and BTFD.

SENZA

I got mail today

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SENZA

Sometimes we have to make choices – Today I choose to remind the Coin World that we are all #1 CONGRATS and Antonio, is First on Thread – like who else would it be anyways- is it possible Antonio is the Thread hmm

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SENZA

Can you imagine these numbers – even I’m astonished – Yes I brought the topic of another Thread to this Thread

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Last edited 1 month ago by SENZA
SENZA

It’s not available via enrollments but they are not saying it’s sold out – and they have sent me numerous reminders about my enrollment – so many in fact – I smell another US Mint Fiasco on the Horizon

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SENZA

The Difference between inflation and price gouging

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