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Gold Dips as Silver Rises Slightly on Monday, July 10

Prices of precious metals were mostly little changed at the start of the new trading week on Monday. Gold and palladium experienced declines, while silver and platinum recorded gains.


Gold for August delivery dipped by $1.50, or 0.08%, to settle at $1,931 an ounce on the Comex division of the New York Mercantile Exchange.


"It’s quieter and uneventful action in the marketplace to start the trading week. That’s allowing the chart-based traders to dictate price action, and the gold and silver technicals remain overall near-term bearish," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note. "However, it’s an active week for U.S. economic reports, including key U.S. inflation data later this week.


Gold futures traded between $1,918 and $1,933.70. They inched 0.2% higher last week, for their first weekly increase in four weeks.


Silver for September rose by 5.6 cents, or 0.2%, to settle at $23.345 an ounce. Silver futures ranged from $22.94 to $23.37. They gained 1.2% last week.

In other precious metals:

  • October platinum added $16.30, or 1.8%, to $934.80 an ounce, trading between $909.80 and $937.

  • Palladium for September delivery declined by $8.40, or 0.7%, to $1,236.70 an ounce, ranging from $1,185 to $1,250.

Last week, platinum increased by 0.6% and palladium rose by 1.9%


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.



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