Gold Ends Slightly Lower Wednesday, July 28

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Silver, platinum and palladium prices rose slightly Wednesday. Gold closed nearly unchanged, falling just 0.01%.

Gold for August delivery gave back a dime to settle at $1,799.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Technically, gold futures bulls and bears are on a level overall near-term technical playing field. Bulls’ next upside price objective is to produce a close above solid resistance at the July high of $1,835.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,775.00
," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,790.70 to a high of $1,807.60. They edged up 0.03% on Tuesday and they dipped 0.1% on Monday, marking their lowest settlement since July 6.

Silver for September delivery gained 22.8 cents, or 0.9%, to settle at $24.877 an ounce. Silver futures traded between $24.65 and $24.96. They dropped 2.6% on Tuesday and they rose 0.3% on Monday.

In PGM futures on Wednesday:

  • October platinum added $8.60, or 0.8%, to $1,058.10 an ounce, ranging from $1,044.60 to $1,063.

  • Palladium for September delivery added $15.90, or 0.6%, to $2,622.60 an ounce, trading between $2,583 and $2,634.50.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged Wednesday. 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 May June July 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 4,500 6,000 20,500 158,000 49,500 634,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 15,000 10,000 56,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 30,000 0 86,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 40,000 0 90,000 40,000 280,000
$50 American Buffalo 1 Oz Gold Coin 0 0 500 44,000 27,500 14,500 208,000
$1 American Eagle 1 Oz Silver Coin 0 805,000 760,000 0 2,800,000 3,104,000 19,010,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 40,000 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 2,900 0 0 52,900

 

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Kaiser Wilhelm

Here’s silver trading at under $25 dollars an ounce again. Just can’t get no respect.

Last edited 1 month ago by Kaiser Wilhelm