Platinum notched a decent gain on Wednesday while gold, silver and palladium declined. Silver’s loss was its eleventh in twelve sessions. The metal also settled at a new, just over three-month low.
Gold for June delivery dipped $1.80, or 0.1%, to end at $1,868.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, June gold futures see a three-week-old price downtrend in place on the daily bar chart. Bears have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at last week’s high of $1,935.50. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,800.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold traded between $1,861.10 and $1,889.80. They rose 0.4% on Tuesday and they fell 2.5% on Monday for their lowest settlement since Feb. 15.
Silver for July delivery ended down 26.3 cents, or 1.2%, to $22.402 an ounce. The settlement was silver’s lowest since it finished Feb. 3 at $22.375 an ounce. Silver futures ranged from $22.22 to $22.95. They climbed 0.4% on Tuesday and they dropped 2.2% on Monday.
In PGM futures Wednesday:
-
July platinum gained $21, or 2.2%, to $979.60 an ounce, trading between $957.20 and $984.20.
- Palladium for June delivery lost $2.30, or 0.1%, to $2,236 an ounce, ranging from $2,211 to $2,282.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Wednesday. 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) | |||||
|---|---|---|---|---|---|
| Wednesday / Week / May | Last Week | March | April | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 19,500 | 140,500 | 80,500 | 430,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 5,000 | 3,000 | 53,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 20,000 | 14,000 | 102,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 75,000 | 25,000 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 10,000 | 64,500 | 27,000 | 181,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 17,000 | 1,080,500 | 850,000 | 8,431,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 14,200 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 |
I wonder how much my teeth would be worth if I had them filled with gold fillings.
About $60 per gram.
Thanks. I needed that.