Gold, silver and platinum started the new trading week on Monday with losses, while palladium scored a new record.
Gold for June delivery fell $9.60, or 0.5%, to settle at $1,770.60 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are lower in midday U.S. trading Monday, on routine downside corrections after gold prices hit a seven-week high overnight and silver hit a three-week high Friday. Both metals are now in near-term price uptrends and that will continue to invite fresh buying interest from the shorter-term technical traders," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,766.60 to a high of $1,790.40. They rose 2% last week.
Marking its first loss in five sessions, silver for May delivery dropped 26.8 cents, or 1%, to settle at $25.837 an ounce. Silver futures traded between $25.67 and $26.28. They rallied 3.1% last week.
In other precious metals futures prices Monday:
July platinum shed $2.20, or 0.2%, to $1,206.50 an ounce, ranging from $1,202.30 to $1,231.90.
- Palladium for June delivery rose $38.90, or 1.4%, to $2,813.60 an ounce — an all-time settlement high, trading between $2,761 and $2,851.
Last week platinum dipped 60 cents and palladium soared 5.3%.
US Mint Bullion Sales in 2021
United States Mint bullion sales increased Monday by 9,000 ounces in gold coins.
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||8,500||6,500||121,000||55,500||28,000||395,500|
|$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||500||5,000||16,000||33,500||9,000||120,000|
|$1 American Eagle 1 Oz Silver Coin||0||457,000||3,191,500||4,087,000||1,053,000||13,106,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||N/A||35,000||0||35,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||N/A||N/A||50,000||50,000|
|$1 American Eagle 1 Oz Platinum Coin*||0||0||0||0||0||0|