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:
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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 |