Gold prices declined for the first time in five sessions on Wednesday, and after posting a more than two-week high on Tuesday.
Gold for June delivery fell $19.10, or 1%, to settle at $1,846.30 an ounce on the Comex division of the New York Mercantile Exchange.
"Corrective pullbacks from recent good price gains are featured at mid-week. A rebound in the U.S. dollar index and rising U.S. Treasury yields are negatives for the precious metals on this day,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,838.70 and $1,866.70. They gained 1% on Tuesday, for their highest settlement since May 6, and they climbed 0.3% on Monday.
Silver for July delivery shed 19.3 cents, or 0.9%, to end at $21.87 an ounce. Silver futures ranged from $21.72 to $22.15. They finished up 1.6% on Tuesday, also for their best close since May 6, and they edged 0.2% higher on Monday.
In PGM futures on Wednesday:
July platinum declined $13.60, or 1.4%, to $929.30 an ounce, trading between $922.40 and $946.80.
- Palladium for June delivery rose $2.70, or 0.1%, to $1,989.30 an ounce, ranging from $1,943 to $2,037.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Wednesday. 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)|
|Wednesday / 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|