Gold Falls Slightly Wednesday, June 22

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Gold was little changed Wednesday, falling slightly. The yellow metal’s loss was its third in a row. Elsewhere, platinum and palladium each shed 1.3% while silver declined 1.6%.

Gold for August delivery edged down 40 cents, or 0.02%, to settle at $1,838.40 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices are slightly higher in midday U.S. trading Wednesday, supported by a solid drop in U.S. Treasury yields and in the U.S. dollar index. However, gains are limited by a solid decline in crude oil prices,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,824.50 and $1,850.30. They dipped 0.1% in starting the trading week on Tuesday.

Silver for July delivery fell 34.7 cents to settle at $21.421 an ounce. Silver futures ranged from $21.20 to $21.68. They rose 0.8% on Tuesday.

In PGM futures on Wednesday:

  • July platinum declined $12.60 to $926.90 an ounce, trading between $921.50 and $940.10.

  • Palladium for September delivery declined $24.80 to $1,837.90 an ounce, ranging from $1,832.50 to $1,874.50.

US Mint Bullion Sales in 2022

Published U.S. Mint bullion sales were unchanged on 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 / 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

 

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Antonio

If you look at these values very closely, it looks like a heart beating. You have to move back to see the big picture.

Kaiser Wilhelm

With Gold And Palladium now effectively hovering at equal value it might just be the ideal moment for a U.S. Mint bi-metallic coin consisting of these two premier precious metals.

Last edited 8 days ago by Kaiser Wilhelm