Gold, silver and platinum kicked off the new trading week on Monday with losses while palladium gained.
Gold for June delivery fell $12.10, or 0.7%, to settle at $1,732.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, June gold futures prices are so far seeing a routine downside correction from recent gains after prices late last week hit a five-week high. However, the bulls need to step up and show power soon to keep the technical ground they have gained recently. The gold bears still have the overall near-term technical advantage," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,735.20 to a high of $1,746.20. They gained 1% last week.
Silver for May delivery lost 45.8 cents, or 1.8%, to end at $24.867 an ounce. Silver futures traded between $24.73 and $25.33. They rose 1.5% last week.
In other precious metals futures prices Monday:
July platinum declined $34.50, or 2.9%, to $1,174.80 an ounce, ranging from $1,168.90 to $1,209.40.
- Palladium for June delivery tacked on $35.90, or 1.4%, to $2,671.90 an ounce, trading between $2,615 and $2,683.50.
Last week platinum edged up 0.06% and palladium declined 0.8%.
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||February Sales||March Sales||April Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||13,000||121,000||55,500||13,000||380,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||9,000||0||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||20,000||0||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||0||55,000||0||150,000|
|$50 American Buffalo 1 Oz Gold Coin||0||3,500||16,000||33,500||3,500||114,500|
|$1 American Eagle 1 Oz Silver Coin||0||596,000||3,191,500||4,087,000||596,000||12,649,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||N/A||35,000||0||35,000|
|Tuskegee Airmen 5 oz Silver Coin||0||50,000||N/A||N/A||50,000||50,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0|