Palladium declined on Wednesday while gold, silver and platinum gained. Gold ended the day at an almost one-month high.
Gold for August delivery advanced $15.10, or 0.8%, to settle at $1,825 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since June 16 when gold ended at $1,861.40 an ounce.
"Technically, the gold bulls have the overall near-term technical advantage and gained some more power today. A fledgling price uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,850.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,804.90 to a high of $1,831.10. They inched 0.2% higher on Tuesday and they shed 0.3% on Monday.
Silver for September delivery rose 13.1 cents, or 0.5%, to close at $26.271 an ounce. Silver futures traded between $26.01 and $26.55. They declined 0.4% on Tuesday and they edged up 0.02% on Monday.
In PGM futures on Wednesday:
October platinum added $16.90, or 1.5%, to $1,128.10 an ounce, ranging from $1,101 to $1,135.30.
- Palladium for September delivery fell $6.20, or 0.2%, to $2,826.30 an ounce, trading between $2,797 and $2,848.50.
US Mint Bullion Sales in 2021
The United States Mint published bullion sales gains of 3,000 ounces in American Gold Buffalos; 7,000 ounces in American Gold Eagles; and 177,000 ounces in American Silver Eagles.
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||Last Week||This Week||April Sales||May||June||July||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||2,000||26,000||13,000||38,500||20,500||158,000||39,000||623,500|
|$25 American Eagle 1/2 Oz Gold Coin||10,000||0||10,000||0||0||15,000||10,000||56,000|
|$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||3,000||10,500||3,500||11,000||44,000||27,500||14,000||207,500|
|$1 American Eagle 1 Oz Silver Coin||177,000||849,000||690,000||1,053,000||0||2,800,000||1,539,000||17,445,500|
|$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|