Palladium advanced on Monday while gold, silver and platinum declined. Silver logged a more than four-month low. Gold settled near 3-month low.
Gold for June delivery fell $24.20, or 1.3%, to settle at $1,858.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since Feb. 15 when gold ended at $1,856.20 an ounce.
"Rising bond yields are once again hitting the precious metals. Sharply lower crude oil prices today are also a negative for the metals markets,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from $1,854.80 to $1,885.60. They fell 1.5% last week.
Silver for July delivery lost 54.7 cents, or 2.5%, to close at $21.82 an ounce. The settlement was silver’s lowest since it ended Jan. 6 at $22.19 an ounce. Silver futures traded between $21.66 and $22.40. They dropped 3.1% last week.
In other precious metals futures prices on Monday:
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July platinum gave back $17.50, or 1.8%, to $938.50 an ounce, ranging from $912.90 to $949.80.
- Palladium for June delivery rose $38.30, or 1.9%, to $2,061.50 an ounce, trading between $1,987 and $2,125.
Last week, platinum rose 1.8% while palladium sank 12.3%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Monday. 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) | ||||||
|---|---|---|---|---|---|---|
| Monday | Last Week | March | April | May | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 36,000 | 140,500 | 80,500 | 36,000 | 466,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 5,000 | 3,000 | 1,000 | 54,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 4,000 | 20,000 | 14,000 | 4,000 | 106,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 75,000 | 25,000 | 0 | 320,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 16,500 | 64,500 | 27,500 | 16,500 | 198,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 425,000 | 1,080,500 | 850,000 | 425,000 | 8,856,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 14,200 | 0 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 |
