Most precious metals futures advanced in their start to the new trading week on Monday. Gold was the exception, although its loss for the day registered at less than 0.1%.
Gold for June delivery dipped 40 cents to settle at $1,290.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Upbeat investor risk appetite in the world marketplace continues to work against the safe-haven metals," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily report. "Also, the U.S. dollar index continues to appreciate, to the chagrin of the precious metals market bulls."
Gold futures traded from a low of $1,281.20 to a high of $1,291.40. They declined 2.2% last week, their fourth straight weekly loss in five weeks. On Thursday, they settled at $1,289.40 an ounce for their lowest price since Dec. 26.
Silver for July delivery tacked on 6.5 cents, or 0.4%, to end at $16.52 an ounce. Silver futures ranged from $16.28 to $16.54. They dropped 1.8% last week.
In other precious metals futures on Monday:
July platinum gained $13.30, or 1.5%, to $899.80 an ounce, trading between $877.80 and $902.80.
- Palladium for June delivery jumped $30.20, or 3.2%, to $990.40 an ounce, ranging from $958.40 to $991.20.
Last week, platinum tumbled 4.3% and palladium fell 2.5%.
London Precious Metals Prices
LBMA bullion prices are available on the LBMA website with a delay of midnight.
Last week, LBMA metal prices logged losses of 2.7% for gold, 2.2% for silver, 4.5% for platinum and 2.3% for palladium.
US Mint Bullion Sales in 2018
United States Mint bullion sales advanced by 6,000 ounces in American Eagle and Buffalo gold coins and by 230,000 ounces in American Silver Eagles.
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||April||May||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||10,000||0||10,000||30,000|
|$50 American Eagle 1 Oz Gold Coin||4,000||3,000||4,000||8,500||56,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||16,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||12,000||0||12,000||38,000|
|$5 American Eagle 1/10 Oz Gold Coin||5,000||0||5,000||10,000||110,000|
|$50 American Buffalo 1 Oz Gold Coin||1,500||5,500||2,000||11,500||42,000|
|$1 American Eagle 1 Oz Silver Coin||230,000||100,000||915,000||380,000||6,387,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin||0||0||30,000||0||30,000|