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:
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|
I can’t help thinking, my purchases made a difference.
Congrats Anthony the First on Thread Superstar may there be many golden dollars in your future
Yes, at $1900 each, that’s a nice haul. 🙂
Its no longer FOMO, but FIRH (Fear of Interest Rate Hikes).
Where are those Krabby Patties Bro
I’m lookin’ high and low https://www.youtube.com/watch?v=_TDgWBPaecQ
Likewise Sir Kaiser https://www.youtube.com/watch?v=A1nnOXkPMho
Your doing OK too Kaiser – Anybody seen my Denver Rolls https://www.youtube.com/watch?v=TLV4_xaYynY
Hey Rich, Krabby Patties sound delicious but could I get some more cow bell pleez https://www.youtube.com/watch?v=cVsQLlk-T0s
Gotta have more cowbell, is this what you had in mind?
It goes without saying – we are all very grateful around here
Sir Kaiser, wishing you many more good days. Stay well! BTW, Farmer Tans and Hot Nuts just go together.
I bet they would be a Hot item at the Ball of Fire
Remember Deez Nuts, Sir Kaiser?
Alert there is a new Thread available good luck and may the best numismatist arrive first
SENZA, with all your hits, you should be on First!
I’m trying so hard – I just can’t take my eyes off the ball
Have you ever walked on a cloud, found a message in a bottle or listened to Eminence Front with Headphones on https://www.youtube.com/watch?v=BfrUQA2tb6M