Precious metals split Tuesday as platinum and palladium climbed and gold and silver declined. Gold finished the day at an almost two-week low.
Gold for August delivery lost $3.60, or 0.2%, to settle at $1,821.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since June 15.
"Gold is stuck in a range and is going to continue to be in a range in the near term. The market will only break out into a direction after it gets more economic data and information from the Federal Reserve," Reuters quoted RJO Futures senior market strategist Bob Haberkorn.
Gold futures traded between $1,819.60 and $1,830.90. They shed 0.3% on Monday.
Silver for July delivery dropped 36.2 cents, or 1.7%, to settle at $20.806 an ounce. Silver futures ranged from $20.73 to $21.36. Silver rose 0.2% on Monday
In other precious metals futures Tuesday:
-
October platinum added $5.30, or 0.6%, to $905.80 an ounce, trading between $898.10 and $923.30. On Monday, platinum at $900.30 an ounce marked its lowest settlement since Dec. 15.
- Palladium for September delivery rose $3, or 0.2%, to $1,861.90 an ounce, ranging from $1,846 to $1,899.50.
US Mint Bullion Sales in 2022
Published U.S. Mint bullion sales increased Tuesday by:
- a combined 10,500 ounces in American Gold Eagles,
- 4,500 in American Gold Buffalos,
- 361,000 in American Silver Eagles, and
- 18,500 in American Platinum Eagles.
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 | Last Week | This Week | April | May | June | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 10,000 | 0 | 27,500 | 80,500 | 164,500* | 27,500 | 622,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 4,000 | 3,000 | 7,000* | 4,000 | 64,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 16,000 | 14,000 | 8,000 | 16,000 | 126,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 5,000 | 0 | 105,000 | 25,000 | 50,000 | 105,000 | 475,000 |
| $50 American Buffalo 1 Oz Gold Coin | 4,500 | 0 | 12,500 | 27,500 | 56,000 | 15,000 | 253,000 |
| $1 American Eagle 1 Oz Silver Coin | 361,000 | 0 | 861,000 | 850,000 | 1,350,000* | 861,000 | 10,642,500 |
| $100 American Eagle 1 Oz Platinum Coin | 18,500 | 0 | 18,500 | 0 | 0 | 18,500 | 58,500 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
*On Monday, the U.S. Mint adjusted upwards May sales of: $50 Gold Eagles to 164,500 coins from 137,500 coins; $25 Gold Eagles to 7,000 coins from 5,000 coins; and American Silver Eagles to 1.350 million coins from 850,000 coins.
Everything down but oil. Ugh.
.
Hey Antonio,
Do you need a job> proctor & Gamble have an employee crisis at their one and only Tampon Plant – pays $25 bucks an hour and all the free paczki’ you can eat.
By the way, Congrats First-On-Thread
The Bro is Back!
Got Fire Bro – You Rock https://www.youtube.com/watch?v=nkueGekd2jA
SENZA, We Salute You (Yes we do)
Cool. Missed you guys. Where’s Kaiser Wilhelm anyway?
Great to see you guys are still fighting the good fight and keeping the US Mint on watch – Has Kaiser returned? https://www.youtube.com/watch?v=jnx1ljD3XBY
Sir Kaiser never really left.
The Man The Myth The Legend – have a feeling he isn’t far away