Gold Gains; US Mint Gold Coin Sales Surge

Two 999 Fine Silver Bullion Bars
Gold and silver climbed, as did U.S. Mint sales of gold and silver coins

Gold futures rose on Monday, kicking off the new trading week with their first increase in three sessions.

Gold for August delivery settled up $6.60, or 0.6%, to end at $1,185.80 an ounce on the Comex division of the New York Mercantile Exchange.

"After trading near unchanged in early-morning action, the yellow metal saw a late-morning rally that was fueled by some safe-haven demand due to the Greece debt-talks breakdown," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Short covering in the futures market and bargain hunting in the cash market were also featured, helped along by the U.S. dollar index losing its early gains."

The precious metal traded between $1,171.90 and $1,190.20. Gold prices rose last week by 1%.

Advancing for the third time in four sessions, silver for July delivery advanced 26 cents, or 1.6%, to settle at $16.08 an ounce. Silver prices ranged from $15.81 to $16.24. They moved opposite of gold last week, dropping 1%.

In PGM futures on Monday:

  • July platinum lost $8.20, or 0.8%, to $1,088.60 an ounce, trading between $1,077.20 and $1,099.30.

  • Palladium for September delivery declined $4, or 0.5%, to $734.15 an ounce, ranging from $732.50 to $740.

Last week, platinum moved up 0.4% but palladium slipped 1.7%.

London Precious Metals Prices

Earlier fixed London precious metals prices most declined. In comparing London bullion prices from Friday PM to Monday PM:

  • Gold dipped $1.40, or 0.1%, to $1,181.40 an ounce,
  • Silver was unchanged at $15.93 an ounce,
  • Platinum declined $18, or 1.6%, $1,077 an ounce, and
  • Palladium fell $5, or 0.7%, to $734 an ounce.

Last week, London gold and platinum prices rose 1.6% and 0.3% while silver and palladium declined by 1.4% and 1.6%.

US Mint Bullion Coin Sales in June

United States Mint bullion sales jumped on Monday by 14,500 ounces in gold coins and 499,000 ounces in silver coins. The gold coin sales are 500 ounces shy from last week’s total, which matched the prior week when sales hit the highest level since the week ended March 20.

Below is a listing of U.S. Mint bullion products that 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 May Sales June Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 8,000 9,500 13,500 28,000 164,000
$25 American Eagle 1/2 Oz Gold Coins 1,000 0 3,000 1,000 33,000
$10 American Eagle 1/4 Oz Gold Coins 4,000 2,000 10,000 6,000 64,000
$5 American Eagle 1/10 Oz Gold Coins 15,000 20,000 40,000 50,0000 355,000
$50 American Buffalo 1 Oz Gold Coins 3,500 3,000 9,500 9,500 85,000
$1 American Eagle 1 Oz Silver Coins 499,000 650,000 2,023,500 2,125,000 19,071,000
2015 Homestead 5 Oz Silver Coins* 35,000
2015 Kisatchie 5 Oz Silver Coins*   12,000 42,000


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