The prices of precious metals showed minimal fluctuations at the start of the trading week on Monday, just prior to the U.S. holiday break on Tuesday in observance of the Fourth of July.
Gold for August delivery edged up 10 cents, or 0.01%, to settle at $1,929.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold has struggled in recent weeks against the backdrop of persistent stubborn inflation, resilient economic data, and, as a result, higher interest rate expectations. We’re seeing it bounce back a little over the last couple of sessions after briefly dipping below $1,900 but the trend is still very much against it," MarketWatch quoted Craig Erlam, senior market analyst at OANDA.
Gold futures traded between $1,917.70 and $1,939.90. They dipped 20 cents last week, and marked a June loss of 2.7%.
Elsewhere, silver for September delivery rose by 9.2 cents, or 0.4%, to settle at $23.112 an ounce. Silver futures ranged from $22.91 and $23.29. They jumped 3% last week, but still notched a June decline of 2.4%.
In other precious metals prices on Monday:
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October platinum added $2.80, or 0.3%, to $916 an ounce, trading between $900.50 and $924.30.
- Palladium for September delivery climbed by $5, or 0.4%, to $1,227 an ounce, ranging from $1,212.50 to $1,255.50. On Friday, they settled at their lowest price since Jan. 3, 2019.
US Mint Bullion Sales in 2023
The U.S. Mint last reported bullion sales increases on Monday, June 26. The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold (not total ounces) during different time periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Monday / July | Last Week | March | April | May | June | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 13,500 | 211,000 | 159,500 | 60,500 | 29,500 | 620,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 8,000 | 18,000 | 1,000 | 73,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 10,000 | 12,000 | 32,000 | 4,000 | 132,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 45,000 | 10,000 | 35,000 | 80,000 | 60,000 | 385,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 7,000 | 73,000 | 61,000 | 47,000 | 14,000 | 273,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 530,000 | 900,000 | 900,000 | 1,593,000 | 1,25,500 | 9,497,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 7,500 | 500 | 1,200 | 3,500 | 12,700 |
