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 |
Little change today. Still looking at my gold and silver and it looks the same to me.
If you have a million ounces you did well today and if you don’t you still did well; Congrats First-On-Thread
Is 16 ounces of gold good for a start?
Your a God of Gold Antonio, are you part Egyptian
No, just like 1/10 oz. gold Pandas and I have other gold, like Sovereigns and a few others. I figure it’s about 16 ounces when they’re all added up. More for retirement.
Right On! I had a lot of these 2 gram Lions and PAMP 2.5 gram Gold Bars but in 2020 I started selling those – more than double what I paid for them.
If you bought it before 2009, it was affordable. Now it’s not so much so. Also, the weights have changed and the Pandas, for my part, I believe are no longer produced in the 1/10 category, but I could be wrong. Other gold, I’ve also slowed down on purchasing due to the cost. Why I’ve focused on silver. Not that silver offers the return gold does, obviously.
Antonio, starting in 2016, Gold and Silver Chinese Pandas switched to metric sizes. The 1 troy ounce (31.1 grams) coin was reduced to 30 grams. So the new coin sizes/weights are: 1 ounce became 30 grams, 1/2 ounce became 15 grams, 1/4 ounce became 8 grams, 1/10 ounce became 3 grams, and 1/20 ounce became 1 gram. All the new metric size denominations give you less metal compared to the older troy ounce size denominations except the 8 gram coin which equals 0.257 troy ounce, which is a little more than 1/4 troy ounce (Four 8 gram coins = 32.0… Read more »
Thank you Rich and SENZA. That clears that up! Still cost more than what I’m accustomed to pay for them, the reason I stopped buying them. They’re just not worth it for my money.
That little thing called SPOT =”The House (dealers) always Wins” and we always lose – we have to start seeing this for what it is and psychologically realize we are being fleeced.
The Dealers are masters of FOMO
NO MO FOMO
On that note take a look sometime at the difference in price between the a 1 gram gold bar and a 2 gram or 2.5 gram and see why it pays to NOT buy the 1 gram bars.
Your admirable.
I have the same but I do have some Gold jewelry
.
Great balls of fire!
Hey Bro,
It’s all good until you marry your cousin then it’s Fire https://www.youtube.com/watch?v=ZD8YPY8RBQc
I think your doing just fine
I did say Gold
If she won’t do it then her sister will
She is a (.9999) fine gold digger. BTW, is her poor sister silver?
Oh yEAH https://www.youtube.com/watch?v=td6Pr0nqvFY
Looks like the RCM is using Fugly boxes just like the US Mint
But it’s a silver penny.
A whole Ounce
But it’s Royal.
It looks like they finally gave her that face-lift she was in need of
And it’s “Royal”
Good Point and……it’s “Royal”
US Mint has has posted: American Eagle 2022 One Ounce Silver Proof Coin (S)
Item Number: 22EM
Mintage Limit: None
Product Limit: 200,000
Household Order Limit: 3
It looks like 3 is Ventris’ favorite number –
I only need one to make my collection for this year complete.
Same here no money in flipping these – people are selling them at a loss on feebay – go figure – can’t compete with stupid
You are a smart man, Senza. Stupid is raging like a wildfire in todays society.Just watch some of our elected congress members.
I read somewhere – that this summer alone, the increase in fuel prices negated the benefits of the electric vehicle since it’s inception – including our wallets but they didn’t have to tell us that part.
It’s at the point where we have to blame ourselves and wonder if we all should have been at the Jan6 event NOT FOR TRUMP but to save ourselves from these dirt bag politicians. Ukraine wants it’s debt forgiven now……………………………………..
Right on, Larry!
You guys are all Pure Genius https://www.youtube.com/watch?v=09RnYVGThng
“True dat”
Jesus!
Yes there is a new Jesus collection
There is Rhodium and 1/2 ounce as well as silver and antiqued silver
I got my shipping notice for the US Marines Silver Medal at noon today – so it should actually ship on Monday
That Dinosaur looks happy
Space Farce – must be an NFT
Space Balls! Eyes without a face…
Pole Dance Classic – I don’t remember a single face https://www.youtube.com/watch?v=9OFpfTd0EIs
If the US Mint could get a little bit more creative I’m sure it would Spark more interest in Silver