Gold rose more modestly while silver, platinum and palladium rallied in their start to the new trading week on Monday.
Gold for December delivery rose $14, or 0.8%, to settle at $1,805.20 an ounce on the Comex division of the New York Mercantile Exchange.
"The precious metals were boosted today by a weaker U.S. dollar index and falling U.S. Treasury bond yields, as well as a rally in the crude oil market today. Some modest safe-haven demand was also featured in gold and silver," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,786.90 and $1,806.40. They climbed 0.5% last week.
Silver for September delivery jumped 77.2 cents, or 3.9%, to end at $20.614 an ounce. Silver futures ranged from $19.74 and $20.75. The settlement was the highest since June 29.
In other precious metals futures prices on Monday:
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October platinum tacked on $13.70, or 1.5%, to $938.40 an ounce, trading between $918.50 and $948.80.
- Palladium for September delivery soared $112.80, or 5.3%, to $2,241.50 an ounce, ranging from $2,116 to $2,252. The settlement was the best since April 29.
Last week, platinum gained 3.9% and palladium slopped 0.05%.
US Mint Bullion Sales in 2022
Published United States Mint bullion sales showed gains for the first time this month, rising a combined:
- 23,500 ounces in American Gold Eagles,
- 408,000 ounces in American Silver Eagles,
- 1,000 ounces in American Platinum Eagles, and
- 6,500 ounces in American Gold Buffalos.
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 / August | May | June | July | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 21,000 | 164,500 | 31,000 | 59,500 | 706,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 1,000 | 7,000 | 6,000 | 5,000 | 72,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 2,000 | 8,000 | 18,000 | 2,000 | 132,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 15,000 | 50,000 | 135,000 | 20,000 | 540,000 |
| $50 American Buffalo 1 Oz Gold Coin | 6,500 | 56,000 | 21,500 | 39,500 | 305,500 |
| $1 American Eagle 1 Oz Silver Coin | 408,000 | 1,350,000 | 925,000 | 850,000 | 11,964,500 |
| $100 American Eagle 1 Oz Platinum Coin | 1,000 | 0 | 23,500 | 15,500 | 80,000 |
