Gold, silver and palladium futures advanced on Monday, padding their gains from last week.
Gold for June delivery rose $2.80, or 0.2%, to settle at $1,350.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Some of the risk (premium) has come down following the air strikes," Reuters quoted Capital Economics analyst Simona Gambarini said. "Some market participants were thinking that maybe there could be an escalation of the tensions, but that has not happened and therefore prices have come down a bit."
Gold futures traded between $1,342.80 and $1,353.50. They climbed last week by 0.9%.
Advancing for the seventh time in eight sessions, silver for May delivery gained 1.9 cents, or 0.1%, to settle at $16.677 an ounce. Silver futures ranged from $16.54 to $16.77. They gained 1.8% last week.
In other precious metals prices on Monday:
July platinum declined $1.30, or 0.1%, to $931.80 an ounce, trading between $929.50 and $938.10.
- Palladium for June delivery jumped $22.80, or 2.3%, to $1,003.75 an ounce, ranging from $977.05 to $1,004.45.
The pair rose last week with gains of 1.7% for platinum and 9.6% for palladium.
London Precious Metals Prices
LBMA bullion prices are available on the LBMA website with a delay of midnight.
Last week, LBMA metal prices logged gains of 0.9% for gold, 1.4% for silver, 2% for platinum and 8.5% for palladium.
US Mint Bullion Sales in 2018
U.S. Mint bullion products logged gains of 1,000 ounces in gold coins and 425,000 ounces in silver coins.
A portion of the silver sales included the second 2018-dated America the Beautiful Five Ounce Silver Bullion Coin. Emblematic of Apostle Islands National Lakeshore in Wisconsin — just like the companion quarter, its first-day sales reached 30,000 coins for 150,000 ounces.
Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
|US Mint Bullion Sales (# of coins)|
|Monday||Last Week||March||April||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||20,000|
|$50 American Eagle 1 Oz Gold Coin||500||2,000||2,500||2,500||46,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||0||26,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||10,000||0||95,000|
|$50 American Buffalo 1 Oz Gold Coin||500||500||1,000||1,000||29,500|
|$1 American Eagle 1 Oz Silver Coin||275,000||125,000||915,000||610,000||5,702,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||10,000||0||30,000|
|Apostle Islands 5 Oz Silver Coin||30,000||N/A||N/A||30,000||30,000|
This article was edited to include updated U.S. Mint bullion figures.