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|