Silver declined on Thursday while gold, platinum and palladium registered modest gains. Silver’s loss was its eighth in a row. The precious metal also ended at a more than 11-week low.
Gold for June delivery rose $2.60, or 0.1%, to settle at $1,891.30 an ounce on the Comex division of the New York Mercantile Exchange.
“With the Fed seen hiking interest rate by 50 basis points and possibly 75 basis points in the next two meetings after the May 4, the dollar is going to remain in demand … It’s very difficult to be bullish on gold at the moment,” Reuters quoted Fawad Razaqzada, market analyst at City Index.
Gold futures traded between $1,870.90 and $1,896.20. The declined 0.8% on Wednesday, for their weakest settlement since Feb. 25, they rose 0.4% on Tuesday, and they fell 2% on Monday.
Silver for July delivery fell 32.40 cents, or 1.4%, to settle at $23.181 an ounce. The settlement was the lowest since Feb. 7. Silver futures ranged from $22.94 to $23.46. They slipped 0.4% on Wednesday, they shed 0.5% on Tuesday, and they dropped 2.4% on Monday.
In other precious metals futures prices on Thursday:
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July platinum inched up 70 cents, or 0.08%, to $911.10 an ounce, trading between $900.50 and $927.30.
- Palladium for June delivery added $15, or 0.7%, to $2,210.10 an ounce, ranging from $2,203 to $2,285.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Thursday. 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 | Last Week | This Week | February | March | April | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 39,500 | 19,500 | 86,000 | 140,500 | 80,500 | 430,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 2,000 | 0 | 0 | 5,000 | 3,000 | 53,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 8,000 | 0 | 4,000 | 20,000 | 14,000 | 102,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 25,000 | 75,000 | 25,000 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 10,000 | 10,000 | 28,500 | 64,500 | 27,000 | 181,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 408,000 | 17,000 | 1,500,000 | 1,080,500 | 850,000 | 8,431,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 25,800 | 14,200 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
