Gold, silver and platinum declined on Monday, while palladium gained. Losses in gold and silver were modest, although the former still registered a 9.5-month low.
Gold for August delivery ended down $10.60, or 0.6%, to $1,731.70 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the lowest since Sept. 29 when gold ended at $1,722.90 an ounce.
"Gold and silver prices are modestly down in lazy, summertime U.S. trading at midday Monday. Bearish daily outside market forces squelched the metals market bulls today — a sharply higher U.S. dollar index and weaker crude oil prices,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,729 and $1,743. They declined 3.3% last week.
Marking the first loss in four sessions, silver for September delivery gave back 10.4 cents, or 0.5%, to settle at $19.132 an ounce. Silver futures ranged from $19.01 and $19.31. They fell 2.2% last week.
In other precious metals futures prices on Monday:
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October platinum fell $22.10, or 2.5%, to $860.70 an ounce, trading bewteen $856.90 and $886.
- Palladium for September delivery added $15, or 0.7%, to $2,176.60 an ounce, ranging from $2,081 to $2,188.50.
Last week platinum gained 1.3% while palladium rallied 11.3%.
US Mint Bullion Sales in 2022
Published U.S. Mint bullion sales were unchanged on Monday. 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) | |||||
|---|---|---|---|---|---|
| Monday | May | June | Last Week / July | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 164,500 | 31,000 | 15,000 | 641,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 7,000 | 6,000 | 2,000 | 68,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 8,000 | 18,000 | 2,000 | 130,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 50,000 | 135,000 | 5,000 | 510,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 56,000 | 21,500 | 9,000 | 268,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 1,350,000 | 925,000 | 0 | 10,706,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 23,500 | 14,000 | 77,500 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 |
