Precious metals divided Tuesday with silver and palladium rising and gold and platinum falling. Gold’s loss, while very modest, was its second in a row.
Gold for August delivery dipped $1.40, or 0.08%, to settle at $1,717.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold needs to overcome heavy resistance at the $1,745.00 an ounce triple top before the gold bugs can really start to get excited. It has support at $1,680.00, and then the longer-term support around $1,675.00 an ounce zone," Halley wrote in a note sent to MarketWatch.
Gold futures traded between $1,711.50 and $1,726.40. They shed 0.5% on Monday.
Silver for September delivery advanced 20.7 cents, or 1.1%, to settle at $18.535 an ounce. Silver futures ranged from $18.28 to $18.62. They fell 1.6% on Monday.
In other precious metals futures prices Tuesday:
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October platinum declined $4.90, or 0.6%, to $864.40 an ounce, trading between $858.50 and $881.40.
- Palladium for September delivery added $8.20, or 0.4%, to $2,011.20 an ounce, ranging from $1,968.50 and $2,020.50.
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 | 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 |
