Gold Marks 9.5-Month Low on Monday, July 11

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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:

  • 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

 

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SENZA

That’s the way I like my Gold – Way Down Near Zero https://www.youtube.com/watch?v=X9tViTLPRf4

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Last edited 4 months ago by SENZA
Rich

Viva Italia!

SENZA

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SENZA

Aliens exist – Memes do not

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Antonio

So are you saying Italians are aliens? That meme looks like Italy, Sicily and Sardinia. I meme it looks like it.

SENZA

Apparently there is still some debate

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SENZA

Look at that 1981 – 2001 (20 years) of dead space – I think that is where Gold is about to go again

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Rich

SENZA, that’s not a dead pool. Can’t you see the cup & handle?

SENZA

Although the Cup and Handle Trade is typically 6 to 65 weeks – it is all a matter of interpretation

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Antonio

Uh huh, uh huh.

SENZA

Major D your back – can you see my meme https://www.youtube.com/watch?v=FPJx3G5LE5Q

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SENZA

My video link malfunctioned apparently – it was a short but interesting history of the Mint and the first Gold deposits I think you would have enjoyed it

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SENZA

Candy is moving up I’m afraid

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SENZA

Still no charge on my CC for the Colorized Purple Heart – anyone else –

The new Boss says have our CC and enrollments in order 3 days out instead of standard 2 days – now.

SENZA

Update: CC billed and order processed 07-12-2022

SENZA

Update: Order still says “processing”