Platinum edged higher in futures trading Monday, while gold, silver and palladium finished lower.
Gold for June delivery — the new, most-active contract — declined $20.10, or 1.2%, to settle at $1,714.60 an ounce on the Comex division of the New York Mercantile Exchange.
"The safe-haven metals bulls were disappointed as a mild ‘risk-off’ marketplace mentality to start the trading week did not give gold or silver a decent bid. A stronger U.S. dollar index recently and rising bond yields today are also negative elements for the metals markets," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,705.60 to a high of $1,734.80. They declined 0.5% last week.
Silver for May delivery fell 34.3 cents, or 1.4%, to end at $24.771 an ounce. Silver futures traded between $24.48 and $25.15. They sank 4.6% last week.
In other precious metals futures on Monday:
July platinum rose $2.40, or 0.2%, to $1,184.10 an ounce, ranging from $1,166.60 to $1,205.50.
- Palladium for June delivery plummeted $145.40, or 5.4%, to $2,530.70 an ounce, trading between $2,511.50 and $2,687.50.
Last week platinum fell 1.9% while palladium gained 1.7%.
US Mint Bullion Sales in 2021
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. Products with an asterisk (*) are no longer available.
|US Mint Bullion Sales (# of coins)|
|Monday||Last Week||January Sales||February Sales||March Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||10,500||191,000||121,000||45,000||357,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||22,000||9,000||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||36,000||0||20,000||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||95,000||0||55,000||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||17,500||61,500||16,000||32,500||110,000|
|$1 American Eagle 1 Oz Silver Coin||0||850,000||4,775,000||3,191,500||3,302,000||11,268,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||N/A||N/A||35,000||35,000|
|America Samoa 5 oz Silver Coin*||0||0||0||0||0||0|
|Weir Farm 5 oz Silver Coin*||0||0||0||0||0||0|
|Salt River Bay 5 oz Silver Coin*||0||0||0||0||0||0|
|Marsh Billings 5 oz Silver Coin*||0||0||0||0||0||0|
|Tallgrass Prairie 5 oz Silver Coin*||0||0||0||0||0||0|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0|