Gold Ends Wed., July 14, Near 1-Month High

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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
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Kaiser Wilhelm

Gold was kind enough to celebrate Bastille Day by reaching a monthly high. Vive la France!

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Last edited 18 days ago by Kaiser Wilhelm