Precious metals futures logged declines on Monday. Gold slipped a modest 0.1% but ended at a fresh low for the year.
Gold for August delivery fell $1.80 to settle at $1,268.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the lowest since Dec. 19.
The "near-term path of least resistance is still lower for gold, but a spike in volatility due to trade concerns could easily see futures run back towards $1,300," MarketWatch quoted Tyler Richey, co-editor of the Sevens Report.
Gold futures ranged from a low of $1,265.50 to a high of $1,274.40. They declined 0.6% last week.
Meanwhile, silver for July delivery lost 13.1 cents, or 0.8%, to close at $16.328 an ounce. Silver futures traded between $16.29 and $16.49. They dipped 0.1% last week.
In other precious metals futures on Monday:
July platinum shed $4.50, or 0.5%, to $868.80 an ounce, ranging from $867.20 to $881.50.
- Palladium for September delivery fell $11, or 1.2%, to $935.40 an ounce, trading between $932.50 and $954.30.
Last week, platinum fell 1.6% and palladium tumbled 3.6%.
London Precious Metals Prices
LBMA bullion prices are available on the LBMA website with a delay of midnight. In LBMA results for the week, losses reached 1.3% for gold, 4.6% for silver, 3.5% for platinum, and 3.9% for palladium.
US Mint Bullion Sales in 2018
United States Mint bullion sales were unchanged Monday. 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||May||June||2018 Sales|
|$100 American Eagle 1 Oz Platinum Coin||0||0||10,000||0||30,000|
|$50 American Eagle 1 Oz Gold Coin||0||0||18,500||11,000||77,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||1,000||17,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||2,000||18,000||4,000||48,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||5,000||10,000||10,000||120,000|
|$50 American Buffalo 1 Oz Gold Coin||0||1,000||16,500||6,000||53,000|
|$1 American Eagle 1 Oz Silver Coin||0||215,000||380,000||340,000||6,727,500|
|Pictured Rocks 5 Oz Silver Coin||0||0||0||0||30,000|
|Apostle Islands 5 Oz Silver Coin||0||0||0||0||30,000|
|Voyageurs 5 Oz Silver Coin||0||28,900||0||28,900||28,900|