In the start to the new trading week on Monday, platinum inched higher while gold, silver and palladium declined.
Gold for August delivery shed $8.30, or 0.5%, to settle at $1,719.10 an ounce on the Comex division of the New York Mercantile Exchange.
"July has proven to be a tough month for gold with the dual pressures of rising interest rates reducing gold’s appeal due to its lack of yield," Rupert Rowling, market analyst at Kinesis Money, wrote in a Monday note reported by MarketWatch.
Gold futures traded between $1,712.90 and $1,734.60. They gained 1.4% last week, for their first weekly increase in six weeks.
Silver for September delivery fell 28.9 cents, or 1.6%, to settle at $18.328 an ounce. Silver futures ranged from $18.19 to $18.68. They edged 0.1% higher last week.
In other precious metals futures prices on Monday:
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October platinum rose $2.10, or 0.2%, to $869.30 an ounce, trading between $853.60 and $874.80.
- Palladium for September delivery shed $15.80, or 0.8%, to $2,003 an ounce, ranging from $1,965 and $2,033.
Last week, platinum surged 4.4% and palladium soared 10.4%.
US Mint Bullion Sales in 2022
Published United States 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 | Last Week | May | June | July | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 164,500 | 31,000 | 33,000 | 659,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 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 | 0 | 56,000 | 21,500 | 23,000 | 282,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 1,350,000 | 925,000 | 425,000 | 11,131,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 23,500 | 15,000 | 78,500 |
