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