Gold and Silver Rise Slightly on Thursday, May 5

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Precious metals split Thursday with prices rising for gold and silver and falling for platinum and palladium. Their changes were modest, except for palladium which dropped 2.6%.

Gold for June delivery rose $6.90, or 0.4%, to close at $1,875.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices are posting modest gains in midday U.S. trading Thursday but the bulls are fading fast after solid early gains have been erased. The precious metals markets are being buffeted today by strong gains in the U.S. dollar index and a big spike up in U.S. Treasury yields," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold traded between $1,872.30 and $1,910.70. They dipped 0.1% on Wednesday, they rose 0.4% on Tuesday, and they fell 2.5% on Monday for their lowest settlement since Feb. 15.

Silver for July delivery added 4.1 cents, or 0.2%, to end at $22.443 an ounce. Silver futures ranged from $22.32 to $23.35. They declined 1.2% on Wednesday — for their lowest settlement since Feb. 3, they climbed 0.4% on Tuesday, and they dropped 2.2% on Monday.

In other precious metals prices on Thursday:

  • July platinum lost $6.20, or 0.6%, to $973.40 an ounce, trading between $960.20 and $993.10.

  • Palladium for June delivery fell $58.60 to $2,177.40 an ounce, ranging from $2,159.50 to $2,277.

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 / 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
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Antonio

I’m back in the running. Glad to see my investments are making some return.

Rich

Only in futures pricing; spot gold and silver were lower, and stocks took the gas pipe.

SENZA

Just buy the Dip in Deez Dunkin Nutz

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SENZA

Can’t touch thiscomment image

SENZA

🙂

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SENZA

They Be Rubbing Deez Nuts

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