Gold edged lower in kicking off the new trading week on Tuesday, while silver, platinum and palladium gained. U.S. markets were closed Monday in observance of the Juneteenth holiday.
Gold for August delivery dipped $1.80, or 0.1%, to settle at $1,838.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices are modestly lower in lackluster midday U.S. trading Tuesday, on the first official day of summer. A solid rebound in the U.S. stock indexes and rising bond yields are weighing on the safe-haven metal,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,830.70 and $1,848.40. They declined 1.9% last week. Last Tuesday, gold at $1,813.50 an ounce posted its lowest settlement since May 12.
Silver for July delivery rose 18.1 cents, or 0.8%, to close at $21.768 an ounce. Silver futures ranged from $21.43 to $21.95. They lost 1.6% last week. Last Tuesday, the precious metal at $20.954 an ounce closed at its weakest price since May 12.
In other precious metals prices on Tuesday:
July platinum added $9.30, or 1%, to $939.50 an ounce, trading between $924.50 and $954.90. Last Tuesday, platinum at $910.70 an ounce closed at its lowest price since April 27.
- Palladium for September delivery surged $64, or 3.6%, to $1,862.70 an ounce, ranging from $1,794 to $1,895.
Last week, platinum fell 4.2% and palladium dropped 5.7%.
US Mint Bullion Sales in 2022
Published U.S. Mint bullion sales were unchanged on Tuesday. 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 / Week||Last Week||April||May||June||2022 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||80,500||137,500||0||568,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||3,000||5,000||0||58,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||14,000||8,000||0||110,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||25,000||50,000||0||370,000|
|$50 American Buffalo 1 Oz Gold Coin||0||0||27,500||56,000||2,500||240,500|
|$1 American Eagle 1 Oz Silver Coin||0||0||850,000||850,000||0||9,281,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||0||40,000|
|$25 American Eagle 1 Oz Palladium Coin||0||0||0||0||0||0|
It’s been dead without Kaiser Wilhelm and Major D. So glad to have you guys back. Now if we can get SENZA to return.
As SENZA would say, “Right On Bro!”
Thank you, thank you very much.
You can still purchase the American Eagle 2021 One Ounce Palladium Proof Coin.
And that’s not even mentioning the American Eagle 2022 One Ounce Palladium Reverse Proof Coin released this summer. I wonder if the price will rise on that one.