Gold and other precious metals prices ended lower in their start to the new trading week on Monday.
Gold for June delivery declined $9.40, or 0.8%, to settle at $1,193.70 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal traded from a low of $1,190.80 to a high of $1,209. Gold prices last week slipped by 0.1%.
"A rally in the competing asset class U.S. stock indexes and a rebound in the dollar index pressured gold and silver," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Also, the overall technical postures for gold and silver remain firmly in the bearish camps, which continue to invite chart-based sellers."
Silver for May delivery fell 34 cents, or 2.1%, to close at $15.89 an ounce. Silver prices ranged from $15.82 to $16.34. They dropped 0.9% last week.
In other precious metals dealings:
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July platinum settled down $18.70, or 1.6%, to $1,148.80 an ounce, trading between $1,143.40 and $1,174.30.
- Palladium for June delivery lost $10.55, or 1.4%, to $772.40 an ounce, ranging from $764.45 to $787.50.
Last week, platinum fell 0.3% while palladium advanced 0.9%.
London Precious Metals Prices
Earlier fixed London precious metals prices also declined. In comparing London bullion prices from Friday PM to Monday PM:
- Gold fell $6.85, or 0.6%, to $1,196.50 an ounce,
- Silver lost 27 cents, or 1.7%, to $16.09 an ounce,
- Platinum declined $11, or 0.9%, to $1,150 an ounce, and
- Palladium fell $4, or 0.5%, to $773 an ounce.
Last week in London precious metals prices, palladium was flat while the other metals fell by 0.3% for gold, 1.1% for silver and 0.9% for palladium.
US Mint Bullion Coin Sales in April
United States Mint bullion products started the week with gold coins rising 1,000 ounces and silver coins gaining 115,000 ounces. All silver sales came from the new 2015 Kisatchie National Forest of America Five Ounce Silver Bullion Coin. Its sales started quicker than the 2015 Homestead piece which opened up at 71,000 ounces and then sold out in about 1-1/2 months.
This listing of U.S. Mint bullion products shows the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | |||||
|---|---|---|---|---|---|
| Monday Sales | Last Week | March Sales | April Sales | YTD Sales | |
| $50 American Eagle 1 Oz Gold Coins | 500 | 5,000 | 35,000 | 7,000 | 106,000 |
| $25 American Eagle 1/2 Oz Gold Coins | 0 | 0 | 5,000 | 2,000 | 27,000 |
| $10 American Eagle 1/4 Oz Gold Coins | 0 | 0 | 8,000 | 2,000 | 46,000 |
| $5 American Eagle 1/10 Oz Gold Coins | 0 | 10,000 | 70,000 | 20,000 | 255,000 |
| $50 American Buffalo 1 Oz Gold Coins | 500 | 1,500 | 9,500 | 6,000 | 62,000 |
| $1 American Eagle 1 Oz Silver Coins | 0 | 575,500 | 3,519,000 | 1,418,500 | 13,489,500 |
| 2015 Homestead 5 Oz Silver Coins* | – | 15,000 | – | 35,000 | |
| 2015 Kisatchie 5 Oz Silver Coins | 23,000 | N/A | N/A | 23,000 | 23,000 |
