Precious metals moved in opposite directions Tuesday compared to Monday with gold rising and silver, platinum and palladium falling
Gold for August delivery rose $4, or 0.2%, to settle at $1,809.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Going forward, gold may remain somewhat volatile as markets will likely have a difficult time digesting domestic inflation and reopening data while also considering the potential threats of COVID worldwide," MarketWatch quoted Jason Teed, co-portfolio manager of the Gold Bullion Strategy Fund and also director of research at Flexible Plan Investments, Ltd.
U.S. consumer prices increased 0.9% in June, the government reported Tuesday. The level marked the biggest gain since June 2008. Annual inflation, meanwhile, surged 5.4%, for the largest increase since August 2008.
Gold futures ranged from a low of $1,798.70 to a high of $1,818. They shed 0.3% on Monday. On Friday at $1,810.60 an ounce, they ended at their best price since June 16.
Silver for September delivery declined 9.9 cents, or 0.4%, to finish at $26.14 an ounce. Silver futures traded between $26 and $26.44. They edged up 0.02% on Monday.
In other precious metals futures on Tuesday:
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October platinum fell $11.80, or 1.1%, to $1,111.20 an ounce, ranging from $1,100.20 to $1,122.
- Palladium for September delivery gave back $26.80, or 0.9%, to $2,832.50 an ounce, trading between $2,822.50 and $2,658.
US Mint Bullion Sales in 2021
The United States Mint published bullion sales gains of 500 ounces in American Gold Buffalos. 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 | Last Week | This Week | April Sales | May | June | July | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 26,000 | 11,000 | 38,500 | 20,500 | 158,000 | 37,000 | 621,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 15,000 | 0 | 46,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 30,000 | 0 | 86,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 90,000 | 0 | 240,000 |
| $50 American Buffalo 1 Oz Gold Coin | 500 | 10,500 | 500 | 11,000 | 44,000 | 27,500 | 11,000 | 204,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 849,000 | 513,000 | 1,053,000 | 0 | 2,800,000 | 1,362,000 | 17,268,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 40,000 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 50,000 | 2,900 | 0 | 0 | 52,900 |
