Gold Declines Monday, April 12

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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
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