Gold Falls Slightly Wednesday, June 22

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Gold was little changed Wednesday, falling slightly. The yellow metal’s loss was its third in a row. Elsewhere, platinum and palladium each shed 1.3% while silver declined 1.6%.

Gold for August delivery edged down 40 cents, or 0.02%, to settle at $1,838.40 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices are slightly higher in midday U.S. trading Wednesday, supported by a solid drop in U.S. Treasury yields and in the U.S. dollar index. However, gains are limited by a solid decline in crude oil prices,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,824.50 and $1,850.30. They dipped 0.1% in starting the trading week on Tuesday.

Silver for July delivery fell 34.7 cents to settle at $21.421 an ounce. Silver futures ranged from $21.20 to $21.68. They rose 0.8% on Tuesday.

In PGM futures on Wednesday:

  • July platinum declined $12.60 to $926.90 an ounce, trading between $921.50 and $940.10.

  • Palladium for September delivery declined $24.80 to $1,837.90 an ounce, ranging from $1,832.50 to $1,874.50.

US Mint Bullion Sales in 2022

Published U.S. Mint bullion sales were unchanged 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 / Week Last Week April May June 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 80,500 137,500 0 568,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 3,000 5,000 0 58,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 14,000 8,000 0 110,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 25,000 50,000 0 370,000
$50 American Buffalo 1 Oz Gold Coin 0 0 27,500 56,000 2,500 240,500
$1 American Eagle 1 Oz Silver Coin 0 0 850,000 850,000 0 9,281,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 40,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0

 

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Antonio

If you look at these values very closely, it looks like a heart beating. You have to move back to see the big picture.