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:
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|