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:
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|