Precious metals rallied Monday, posting gains ranging from 0.9% for palladium to 4.2% for silver. Palladium scored a third straight record. Gold’s increase was its first in five sessions.
Gold for June delivery tacked on $24.10, or 1.4%, to settle at $1,791.80 an ounce on the Comex division of the New York Mercantile Exchange. The close was the highest since April 21.
"Factors contributing to today’s strong upside move are U.S. dollar weakness as well as slightly lower yields on the U.S. 10-year Treasury note. It must be noted that today’s high of 1798.90 falls just shy of the current major resistance at $1800," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,765.60 to a high of $1,798.90. They fell 0.6% last week but still ended with an April increase of 3%.
Silver for May delivery soared $1.09 to end at $26.96 an ounce. The settlement was the highest since Feb. 25. Silver futures traded between $25.85 and $27.12. They edged 0.1% lower last week while jumping 5.5% in April.
In other precious metals futures prices on Monday:
July platinum rose $24.90, or 2.1%, to $1,230.10 an ounce, ranging from $1,195.50 to $1,248.10.
- Palladium for June delivery gained $27.70 to a record settlement of $2,981.40 an ounce, trading between $2,934 and 2,997.
US Mint Bullion Sales in 2021
U.S. Mint bullion sales data was unavailable at the time of this writing. 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)|
|Last Week||February Sales||March Sales||April Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||7,500||121,000||55,500||38,500||406,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||9,000||0||0||31,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||20,000||0||56,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||0||55,000||0||150,000|
|$50 American Buffalo 1 Oz Gold Coin||2,000||16,000||33,500||11,000||122,000|
|$1 American Eagle 1 Oz Silver Coin||0||3,191,500||4,087,000||1,053,000||13,106,500|
|$100 American Eagle 1 Oz Platinum Coin||0||N/A||35,000||0||35,000|
|Tuskegee Airmen 5 oz Silver Coin||0||N/A||N/A||50,000||50,000|