Gold Dips 0.5% on Monday, July 25

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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:

  • 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
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Antonio

It’s like a seesaw. I’m just sitting on mine and hoping when I do sell, it’ll be up.

SENZA

First-On-Thread watch out for that Seesaw

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SENZA

Me Too

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Major D

Antonio, I put more stock in having low mintages

SENZA

Sell Sell Sell Antonio,

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SENZA

Got my US Marines 2.5 ounce silver medal today; it’s huge and fills up the whole box used for delivering the ASE’s. This sucker is heavy – I could use it as an anchor.

Now, the good news, the US Mint did it again – OOPS they did it again – my medal has a major error and I’m going to sell it for 20 times what I paid for it. https://www.youtube.com/watch?v=IUJtvN7ToC8

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SENZA

As it turned out about 8 times rather than 20

Rich

You still made out good. Here’s to Error Coins!

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SENZA

Cheers to Error Coins

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SENZA

Can’t top that

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