Gold, silver and platinum scored solid increases on Thursday, with each also registering more than one-week settlement highs, while palladium declined for a second straight day after three straight session gains.
Gold for June delivery tacked on $25.30, or 1.4%, to settle at $1,841.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since May 11.
"The precious metals [gold and silver] are boosted by a sharply lower U.S. dollar index and a slight decline in U.S. Treasury yields on this day," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
“An economic recession in the U.S. is now on the minds of traders and investors who were already saddled with other concerns, including the Russia-Ukraine war and Covid cases causing major cities in China to be on lockdown, which is disrupting global trade. Those concerns are also prompting some safe-haven demand for gold and silver."
Gold futures traded between $1,808.40 and $1,848.20. They dipped 0.2% on Wednesday, and they climbed 0.3% on both Tuesday and Monday.
Silver for July delivery gained 36.4 cents, or 1.7%, to settle at $21.908 an ounce. The settlement was the highest since May 6. Silver futures ranged from $21.25 to $22.01. They declined 1% on Wednesday, they gained 0.9% on Tuesday, and they surged 2.6% on Monday.
In other precious metals futures on Thursday:
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July platinum added $29.30, or 3.2%, to $953.70 an ounce, trading between $908 and $956.70. Like for gold, the settlement was platinum’s highest since May 11.
- Palladium for June delivery fell $14.20, or 0.7%, to $1,978.40 an ounce, ranging from $1,928 to $2,010.50.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged 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 | March | April | May | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 57,000 | 140,500 | 80,500 | 93,000 | 523,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 5,000 | 3,000 | 2,000 | 55,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 4,000 | 20,000 | 14,000 | 8,000 | 110,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 50,000 | 0 | 75,000 | 25,000 | 50,000 | 370,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 20,000 | 64,500 | 27,500 | 36,500 | 218,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 425,000 | 1,080,500 | 850,000 | 850,000 | 9,281,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 14,200 | 0 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
