Platinum fell on Wednesday while other precious metals gained. Gold’s increase was its first in four sessions and follows a one-month. The yellow metal dropped, however, in after-hour dealings following the release of the Fed’s latest monetary policy statement.
Gold for August delivery rose $5, or 0.3%, to settle at $1,861.40 an ounce on the Comex division of the New York Mercantile Exchange. Gold was last at $1,812.60 an ounce in electronic trading after the FOMC minutes were released.
"Gold prices are solidly lower and hit daily lows and a four-week low in afternoon U.S. trading Wednesday, on a bearish reaction to the just-released statement from the Federal Reserve’s Open Market Committee (FOMC) that was deemed hawkish on U.S. monetary policy," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.
Gold futures ranged from a low of $1,845.30 to a high of $1,866. They declined 0.5% on Tuesday, for their lowest settlement since May 14, and they lost 0.7% on Monday.
Silver for July delivery closed up 11.9 cents, or 0.4%, to $27.812 an ounce. Silver futures traded between $27.58 and $27.97. They fell 1.2% on Tuesday and they dipped 0.4% on Monday. The precious metal was last at $27.05 an ounce in after-hours trade.
In PGM futures on Wednesday:
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July platinum gave back $6.70, or 0.6%, to $1,141.90 an ounce, ranging from $1,129.20 to $1,155.10.
- Palladium for September delivery advanced $72, or 2.6%, to $2,836.80 an ounce, trading between $2,753.50 and $2,843.
US Mint Bullion Sales in 2021
The United States Mint published no sales gains on Wednesday. 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) | |||||||
|---|---|---|---|---|---|---|---|
| Wednesday / This Week | Last Week | March Sales | April Sales | May | June | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 4,000 | 55,500 | 38,500 | 20,500 | 4,000 | 430,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 20,000 | 0 | 0 | 0 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 55,000 | 0 | 0 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 7,000 | 33,500 | 11,000 | 44,000 | 7,000 | 173,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 4,087,000 | 1,053,000 | 0 | 0 | 13,106,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 35,000 | 0 | 40,000 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | N/A | 50,000 | 2,900 | 0 | 52,900 |
one of my favorite gold coins too