Gold, Silver and Platinum Inch 0.1% Higher

American Eagle silver coins, bullion gold bars, money
Precious metals moved narrowly in their start to the new trading week on Monday

Precious metals futures changed little on Monday with gold, silver and platinum each gaining 0.1%. Palladium futures logged a 0.2% decline.

Gold for June delivery added $1.50 to settle at $1,274.20 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices ended the U.S. day session slightly higher Monday but well off the highs seen earlier in the day," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A rally in the U.S. stock market Monday worked to temper buying interest in the safe-haven metal. Still, gold continues to show the resilience required to extend the present near-term price uptrend."

Gold futures traded from a low of $1,272.20 to a high of $1,290.40. They fell 1.7% last week for their first weekly loss in three.

Silver for July delivery edged up 2.2 cents to close at $17.154 an ounce. Silver prices ranged from $17.07 to $17.42. They ended 2.3% lower last week, their second straight weekly decline.

Rounding out precious metals trading:

  • July platinum gained $1.40 to $1,053.50 an ounce, trading between $1,048.20 and $1,065.20.

  • Palladium for June delivery lost $1.40 to $591 an ounce, ranging from $590.75 to $597.65.

In trading last week, platinum dropped 3% and palladium fell 2.4%.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Friday PM to Monday PM:

  • Gold added $19.85, or 1.6%, to $1,285.75 an ounce.
  • Silver added 23 cents, or 1.4%, to $17.32 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

Last week, London bullion prices posted losses totaling 1.8% for gold, 1.3% for silver, 2.8% for platinum and 2% for palladium.

US Mint Bullion Coin Sales in 2016

U.S. Mint bullion sales were unchanged Monday, according to figures on the agency’s website. Earlier in the day, the Mint said it is limiting this week’s sales of bullion American Silver Eagle to 1 million coins.

Below is a sales breakdown of United States Mint bullion products with columns listing the number of bullion coins sold during varying periods of time.

US Mint Bullion Sales (# of coins)
Monday Sales Last Week Mar Sales Apr Sales May Sale 2016 Sales
$50 American Eagle 1 Oz Gold Coins 0 9,000 29,000 93,500 20,000 299,000
$25 American Eagle 1/2 Oz Gold Coins 0 0 1,000 6,000 3,000 39,000
$10 American Eagle 1/4 Oz Gold Coins 0 0 4,000 14,000 0 66,000
$5 American Eagle 1/10 Oz Gold Coins 0 0 75,000 55,000 10,000 385,000
$50 American Buffalo 1 Oz Gold Coins 0 3,500 7,000 19,500 10,000 89,500
$1 American Eagle 1 Oz Silver Coins 0 972,500 4,106,000 4,072,000 2,058,000 20,972,500
2016 Shawnee 5 Oz Silver Coins 0 0 0 0 0 105,000
2016 Cumberland Gap 5 Oz Silver Coins 0 0 0 64,000 0 64,000


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Seth Riesling

Interesting that the 13 worldwide US Mint bullion coin Authorized Purchasers haven’t ordered any silver or gold coins for 5 of the past 6 trading days! Demand is definitely off significantly for some reason.


Seth Riesling

They haven’t bought a single 5 oz silver bullion ATB coin in the month of May.



Is the mint even offering them for purchase?