Gold and palladium kicked off the new trading week on Tuesday with gains while silver and platinum declined. U.S. markets closed Monday in observance of Independence Day. Gold ended the day at a three-week high.
Gold for August delivery advanced $10.90, or 0.6%, to close at $1,794.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since June 16.
"Investors are realizing that monetary policy will remain historically very loose and that’s one of the reasons why we’re seeing bond yields go down, which is helping stabilize gold prices after falling sharply in June," Reuters quoted Fawad Razaqzada, analyst with ThinkMarkets.
Gold futures ranged from a low of $1,784.70 to a high of $1,815.70. They edged 0.3% higher last week.
Silver for September delivery fell 32.7 cents, or 1.2%, to settle at $26.174 an ounce. Silver futures traded between $26.10 and $26.91. They gained 1.6% last week.
In other precious metals futures prices Tuesday:
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October platinum dipped $3.70, or 0.3%, to $1,084 an ounce, ranging from $1,075.50 to $1,118.
- Palladium for September delivery edged up $3.60, or 0.1%, to $2,796.10 an ounce, trading between $2,770 and $2,883.
Last week platinum lost 1.4% while palladium soared 5.9%.
US Mint Bullion Sales in 2021
The United States Mint has not published American Eagle bullion sales for over three weeks. 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/ July | Last Week | March Sales | April Sales | May | June | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 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 | 0 | 33,500 | 11,000 | 44,000 | 27,500 | 193,500 |
| $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 |
The U.S. Mint is simply not reporting bullion version coin sales recently for some nefarious reason. The Mint’s bullion coin Authorized Purchasers companies were able on July 1 to pick up at the West Point Mint (NY), the new reverse design silver & gold American Eagle bullion coins. They are physically available right now at select coin dealers.
NumisdudeTX