Gold Registers Second Loss and Near 2-Week Low

10

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:

  • 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.

Subscribe
Notify of
guest

10 Comments
Inline Feedbacks
View all comments
Antonio

Everything down but oil. Ugh.

SENZA

.

06-28-2022_012.jpg
SENZA

Hey Antonio,

Do you need a job> proctor & Gamble have an employee crisis at their one and only Tampon Plant – pays $25 bucks an hour and all the free paczki’ you can eat.

By the way, Congrats First-On-Thread

06-28-2022_009.jpg
Rich

The Bro is Back!

senzapix.jpg
SENZA
Rich

SENZA, We Salute You (Yes we do)

for those.jpg
Antonio

Cool. Missed you guys. Where’s Kaiser Wilhelm anyway?

SENZA

Great to see you guys are still fighting the good fight and keeping the US Mint on watch – Has Kaiser returned? https://www.youtube.com/watch?v=jnx1ljD3XBY

06-29-2022_006.jpg
Rich

Sir Kaiser never really left.

building.jpg
SENZA

The Man The Myth The Legend – have a feeling he isn’t far away

06-29-2022_018.jpg