Gold and silver futures moved strong out of the gate in their start to the new trading week on Monday with closes at or near 1-month highs.
Gold for April delivery settled up $7.20, or 0.6%, to $1,255.70 an ounce on the Comex division of the New York Mercantile Exchange. The finish is the highest since Feb. 27 when prices tapped in at $1,258.80 an ounce.
"Gold is benefiting from the GOP health-care reform failure and subsequent greenback weakness," MarketWatch quoted Accendo Markets analysts Mike van Dulken and Henry Croft.
Gold futures ranged from a low of $1,245.50 to a high of $1,261. They climbed 1.5% last week.
Ending higher for a third straight session, silver for May delivery advanced 36 cents, or 2%, to $18.108 an ounce. The settlement is the strongest since March 1 when prices closed at $18.489 an ounce. Silver futures traded between $17.78 and $18.15. They gained 1.9% last week.
In other precious metals futures on Monday:
April platinum added $1.10, or 0.1%, to $969 an ounce, ranging from $964.40 to $984.50.
- Palladium for June delivery tumbled $18.90, or 2.3%, to $794.45 an ounce, trading between $793.55 and $812.65.
Last week, the pair of PGM metals registered respective increases of 0.5% and 4.8%.
London Precious Metals Prices
In comparing earlier fixed London bullion prices from Friday PM to Monday PM:
- Gold rose $10.05, or 0.8%, to $1,257.55 an ounce.
- Silver added 31 cents, or 1.8%, to $17.94 an ounce.
LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.
London metal prices last week moved up by 1.5% for gold, 1.3% for silver, 0.4% for platinum and 4.9% for palladium.
US Mint Bullion Coin Sales in 2017
U.S. Mint bullion sales advanced on Monday by 1,000 ounces in gold coins and 26,000 ounces in silver coins.
Below is a sales breakdown of U.S. bullion products with columns listing 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||Feb Sales||Mar Sales||2017 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||1,000||8,500||21,000||15,500||123,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||5,000||1,000||25,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||4,000||2,000||42,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||30,000||35,000||190,000|
|$50 American Buffalo 1 Oz Gold Coin||0||4,000||15,000||7,000||54,000|
|$1 American Eagle 1 Oz Silver Coin||25,000||795,000||1,215,000||1,320,000||7,662,500|
|2017 Effigy Mounds 5 Oz Silver Coin||200||0||19,500||200||19,700|
|2016 Shawnee 5 Oz Silver Coins*||–|
|2016 Cumberland Gap 5 Oz Silver Coin*||–|
|2016 Harpers Ferry 5 Oz Silver Coin||0||0||0||0||0|
|2016 Theodore Roosevelt 5 Oz Silver Coin*||–|
|2016 Fort Moultrie 5 Oz Silver Coin||0||0||0||0||0|