Gold gained for a third straight session on Monday and finished near a two-week high. Silver, platinum and palladium also gained on the day following their losses on Friday.
Gold for June delivery climbed $5.70, or 0.3%, to settle at $1,847.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since May 11.
"The metals [gold and silver] are being supported by the sharp losses in the U.S. dollar index that hit a four-week low today. Some safe-haven demand is also featured early this week amid an overall marketplace that still shows risk appetite far from robust,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,843.30 and $1,864.30. They advanced 1.9% last week.
Silver for July delivery edged up 4.9 cents, or 0.2%, to settle at $21.723 an ounce. Silver futures ranged from $21.66 to $22.21. They surged 3.2% last week.
In other precious metals futures prices on Monday:
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July platinum added $9.20, or 1%, to $950.30 an ounce, trading between $948 and $971.70.
- Palladium for June delivery gained $27, or 1.4%, to $1,966.70 an ounce, ranging from $1,949.50 to $2,025.
Last week, platinum and palladium each rose 1.1%.
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 | 57,000 | 140,500 | 80,500 | 93,000 | 523,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 5,000 | 3,000 | 2,000 | 55,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 4,000 | 20,000 | 14,000 | 8,000 | 110,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 75,000 | 25,000 | 50,000 | 370,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 20,000 | 64,500 | 27,500 | 36,500 | 218,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 425,000 | 1,080,500 | 850,000 | 850,000 | 9,281,500 |
| $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 |
