Gold Ends Tuesday, June 29, at 2.5-Month Low

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Precious metals posted losses Tuesday that ranged from 0.7% for palladium to 2.6% for platinum. Gold marked its lowest close in two-and-a-half months.

Gold for August delivery shed $17.10, or 1%, to settle at $1,763.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since gold ended April 14 at $1,736.30 an ounce.

"The safe-haven metals are being pressured by bearish near-term technical charts and not much risk aversion in the marketplace at present," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,750.10 to a high of $1,779.20. They rose 0.2% on Monday.

Silver for September delivery — the new, most-active contract — fell 35.3 cents, or 1.3%, to settle at $25.901 an ounce. The finish was the lowest since last Tuesday, June 22. Silver futures traded between $25.58 and $26.24. They climbed 0.5% on Monday.

In other precious metal prices Tuesday:

  • October platinum declined $28.90 to $1,070.60 an ounce, ranging from $1,060 to $1,097.70.

  • Palladium for September delivery lost $18.20 to $2,681.20 an ounce, trading between $2,663.50 and $2,699.50.

US Mint Bullion Sales in 2021

United States Mint published no bullion sales 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 Sales April Sales May June 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 55,500 38,500 20,500 4,000 430,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 0 0 31,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 20,000 0 0 0 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 55,000 0 0 0 150,000
$50 American Buffalo 1 Oz Gold Coin 0 0 33,500 11,000 44,000 7,000 173,000
$1 American Eagle 1 Oz Silver Coin 0 0 4,087,000 1,053,000 0 0 13,106,500
$100 American Eagle 1 Oz Platinum Coin 0 0 35,000 0 40,000 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 N/A 50,000 2,900 0 52,900
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Mark D.

Masturbanalyzing?