Platinum declined on Monday while gold, silver and palladium gained. Gold’s increase follows two straight session losses and a 14-week settlement low.
Gold for June delivery edged up $5.80 or 0.3%, to settle at $1,814 an ounce on the Comex division of the New York Mercantile Exchange.
"All things considered, gold is holding up, it should be significantly lower… it will find support slightly below the $1,800 level. Also, there is enormous demand for physical gold and silver," Reuters quoted RJO Futures senior market strategist Bob Haberkorn.
Gold futures traded between $1,785 and $1,817.10. They fell 4% last week, ending Friday at their lowest point since Feb. 4.
Silver for July delivery surged 55 cents, or 2.6%, to end at $21.551 an ounce. Silver futures ranged from $20.83 to $21.59. They sank 6.1% last week.
In other precious metals futures on Monday:
-
July platinum shed $5.40, or 0.6%, to $925.30 an ounce, trading between $916.80 and $940.80.
- Palladium for June delivery jumped $84.90, or 4.4%, to $2,002.60 an ounce, ranging from $1,888 to $2,016.
Last week, platinum fell 2.7% and palladium dropped 5.2%.
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 | 0 | 140,500 | 80,500 | 36,000 | 466,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 5,000 | 3,000 | 1,000 | 54,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 20,000 | 14,000 | 4,000 | 106,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 50,000 | 75,000 | 25,000 | 50,000 | 370,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 64,500 | 27,500 | 16,500 | 198,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 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 |
