Prices for precious metals changed little Tuesday, with modest gains registered by gold, platinum and palladium and a slight loss logged by silver.
Gold for August delivery edged up 50 cents, or 0.03%, to settle at $1,710.70 an ounce on the Comex division of the New York Mercantile Exchange.
A big drop in the U.S. dollar index this week is limiting selling interest in the precious metals. However, rising U.S. Treasury bond yields this week and a wobbly crude oil market are squelching the bulls. A lack of fresh, markets-moving economic or geopolitical news in mid-summer has metals traders languishing and looking more at the outside markets for direction," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,702.60 and $1,716.50. They rose 0.4% on Monday.
Silver for September delivery shed 12.7 cents, or 0.7%, to settle at $18.713 an ounce. Silver futures ranged from $18.51 to $18.85. They moved up 1.3% on Monday.
In other precious metals prices Tuesday:
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October platinum added $2.90, or 0.3%, to $858.90 an ounce, trading between $842.60 and $872.30.
- Palladium for September delivery added $5.10, or 0.3%, to $1,854.20 an ounce, ranging from $1,838.50 to $1,887.50.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales were unchanged on Tuesday. 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 / This Week | Last Week | May | June | July | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 18,000 | 164,500 | 31,000 | 33,000 | 659,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 7,000 | 6,000 | 3,000 | 69,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 8,000 | 18,000 | 2,000 | 130,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 50,000 | 135,000 | 5,000 | 510,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 14,000 | 56,000 | 21,500 | 23,000 | 282,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 425,000 | 1,350,000 | 925,000 | 425,000 | 11,131,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 1,000 | 0 | 23,500 | 15,000 | 78,500 |
