Precious metals split Tuesday as platinum and palladium climbed and gold and silver declined. Gold finished the day at an almost two-week low.
Gold for August delivery lost $3.60, or 0.2%, to settle at $1,821.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since June 15.
"Gold is stuck in a range and is going to continue to be in a range in the near term. The market will only break out into a direction after it gets more economic data and information from the Federal Reserve," Reuters quoted RJO Futures senior market strategist Bob Haberkorn.
Gold futures traded between $1,819.60 and $1,830.90. They shed 0.3% on Monday.
Silver for July delivery dropped 36.2 cents, or 1.7%, to settle at $20.806 an ounce. Silver futures ranged from $20.73 to $21.36. Silver rose 0.2% on Monday
In other precious metals futures Tuesday:
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October platinum added $5.30, or 0.6%, to $905.80 an ounce, trading between $898.10 and $923.30. On Monday, platinum at $900.30 an ounce marked its lowest settlement since Dec. 15.
- Palladium for September delivery rose $3, or 0.2%, to $1,861.90 an ounce, ranging from $1,846 to $1,899.50.
US Mint Bullion Sales in 2022
Published U.S. Mint bullion sales increased Tuesday by:
- a combined 10,500 ounces in American Gold Eagles,
- 4,500 in American Gold Buffalos,
- 361,000 in American Silver Eagles, and
- 18,500 in American Platinum Eagles.
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 | Last Week | This Week | April | May | June | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 10,000 | 0 | 27,500 | 80,500 | 164,500* | 27,500 | 622,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 4,000 | 3,000 | 7,000* | 4,000 | 64,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 16,000 | 14,000 | 8,000 | 16,000 | 126,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 5,000 | 0 | 105,000 | 25,000 | 50,000 | 105,000 | 475,000 |
| $50 American Buffalo 1 Oz Gold Coin | 4,500 | 0 | 12,500 | 27,500 | 56,000 | 15,000 | 253,000 |
| $1 American Eagle 1 Oz Silver Coin | 361,000 | 0 | 861,000 | 850,000 | 1,350,000* | 861,000 | 10,642,500 |
| $100 American Eagle 1 Oz Platinum Coin | 18,500 | 0 | 18,500 | 0 | 0 | 18,500 | 58,500 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
*On Monday, the U.S. Mint adjusted upwards May sales of: $50 Gold Eagles to 164,500 coins from 137,500 coins; $25 Gold Eagles to 7,000 coins from 5,000 coins; and American Silver Eagles to 1.350 million coins from 850,000 coins.
