Gold Registers Fourth Gain on Tuesday, May 24

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Gold extended its winning streak to four sessions in a row, ending Tuesday at a more than two-week high. Silver and palladium, meanwhile, posted a second straight day of gains.

Gold for June delivery tacked on $17.60, or 1%, to settle at $1,865.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since May 6.

Gold and silver prices were "boosted by another sell off in the U.S. stock indexes, falling U.S. Treasury yields and by the recent sharp losses in the U.S. dollar index that hit another four-week low today,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note. "Risk aversion is keener in the general marketplace early this week, and that’s inviting safe-haven demand for the precious metals."

Gold futures traded between $1,847.60 and $1,869.10. They climbed 0.3% on Monday.

Silver for July delivery finished up 34 cents, or 1.6%, to $22.063 an ounce. Like for gold, the settlement was silver’s highest since May 6. Silver futures ranged from $21.64 to $22.22. They edged 0.2% higher on Monday.

In other precious metals futures Tuesday:

  • July platinum lost $7.40, or 0.8%, to $942.90 an ounce, trading between $936.40 and $957.

  • Palladium for June delivery added $19.90, or 1%, to $1,986.60 an ounce, ranging from $1,966.50 to $2,016.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales were unchanged on Tuesday. 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)
Tuesday / This Week 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

 

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Jeff Legan

No new articles on Wednesday, May 25th. That seems unusual.

Major D

should have analysis of the Mint’s sales report ending May 22…..

Rich

As you have pointed out, Major, that report will contain some interesting sales figures for the 2022 NLB commemorative coins. Still no word from Sir Kaiser in over a week, wishing him the best.