Precious metals prices changed little Thursday, the first trading day of July and following across-the-board metal losses in June.
Gold for August delivery added $5.20, or 0.3%, to settle at $1,776.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, the gold bears have the overall near-term technical advantage. A four-week-old price downtrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,700.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,765.90 to a high of $1,782.70. They rose 0.5% on Wednesday, closing out the month of June with a 7% loss.
Silver for September delivery declined 9.4 cents, or 0.4%, to finish at $26.10 an ounce. Silver futures traded between $26.04 and $26.53. They moved up 1.1% on Wednesday, marking a 6.5% fall in June.
In other precious metals prices Thursday:
October platinum rose $8, or 0.8%, to $1,080.90 an ounce, ranging from $1,059.80 to $1,094.50.
- Palladium for September delivery fell $10.30, or 0.4%, to $2,768.90 an ounce, trading between $2,751 and $2,802.
US Mint Bullion Sales in 2021
The United States Mint has not published American Eagle bullion sales gains for more than two weeks. 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)|
|Thursday / 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||27,500*||193,500|
|$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|
*The U.S. Mint today adjusted June sales of American Buffalo gold coins to 27,500 ounces from 7,000 ounces, lifting their 2021 total to 193,500 ounces.