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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Kaiser Wilhelm

Perhaps it would be more than prudent to stamp the word BULLION very clearly and prominently on all precious metal coinage struck to basic investment standards as opposed to being minted to much more rigorous numismatic collectable grade specifications to preclude well in advance even the remote possibility of any subsequent unfortunate – whether accidental or intentional – confusion as to which type of item is in fact being offered for sale anywhere on the open market. I have seen more often than I could possibly count precious metal coinage across the board either unwittingly or disingenuously being described as… Read more »

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Last edited 29 days ago by Kaiser Wilhelm