In futures trading Tuesday, silver declined while gold, platinum and palladium advanced. Gains in gold and platinum were their first in six sessions. Gold also bounced above $1,900 an ounce and from a more than two-month low.
Gold for June delivery rose $8.10, or 0.4%, to settle at $1,904.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices are a modestly higher in midday U.S. Trading Tuesday and are trading back above $1,900.00 as the bulls are trying to stop the bleeding after the recent downdraft that saw the market hit a nine-week low Monday. Short covering in the futures market and some perceived bargain hunting in the cash market were featured," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,896.30 and $1,912.20. They fell 2% on Monday, for their lowest settlement since Feb. 25.
Extending its losing streak to six sessions, silver for May delivery lost 12.6 cents, or 0.5%, to close at $23.544 an ounce. The settlement was the lowest since Feb. 15. Silver futures ranged from $23.44 to $23.98. They dropped 2.4% on Monday.
In other precious metals futures prices on Tuesday:
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July platinum added $7.10, or 0.8%, to $912.10 an ounce, trading between $901.70 and $921.50.
- Palladium for June delivery added $56.40, or 2.7%, to $2,178.50 an ounce, ranging from $2,122 to $2,243.50.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Tuesday. 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 | February | March | April | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 39,500 | 86,000 | 140,500 | 61,000 | 411,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 2,000 | 0 | 5,000 | 3,000 | 53,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 8,000 | 4,000 | 20,000 | 14,000 | 102,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 25,000 | 75,000 | 25,000 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 10,000 | 28,500 | 64,500 | 17,000 | 171,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 408,000 | 1,500,000 | 1,080,500 | 833,000 | 8,414,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 25,800 | 14,200 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 |
