Precious metals gained Monday, led by palladium which rose 1.5%. The other metals climbed less than 1%. Gold extended its winning streak to four in a row, and ended the day at a three-month high.
Gold for June delivery added $6.30, or 0.3%, to settle at $1,837.60 an ounce on the Comex division of the New York Mercantile Exchange. The finished was the highest since Feb. 10 when gold closed at $1,842.70 an ounce.
"The metals are supported early this week by a slumping U.S. dollar index that hit a 2.5-month low today. The near-term technical postures for both metals are also bullish and getting more so, which continues to invite the shorter-term futures traders on board the long side," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,830.50 to a high of $1,846.30. Last week gold advanced 3.6%.
Silver for May delivery edged up 1.5 cents, or 0.05%, to finish at $27.492 an ounce. The settlement was the highest since Feb. 25 when silver finished at $27.685 an ounce. Silver futures traded between $27.42 and $28. The soared 6.2% last week.
In other precious metals futures prices on Monday:
July platinum tacked on $11, or 0.9%, to $1,265.50 an ounce, ranging from $1,250.60 to $1,281.40.
- Palladium for June delivery added $43.10 to $2,968.20 an ounce, trading between $2,915.50 and $3,000. Last Monday, palladium logged a record settlement of $2,981.40 an ounce.
Last week platinum gained 4.1% while palladium declined 1%.
US Mint Bullion Sales in 2021
The United States Mint has yet to report any bullion sales for May. 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 / May||Last Week||February Sales||March Sales||April Sales||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||0||0||121,000||55,500||38,500||406,000|
|$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||0||16,000||33,500||11,000||122,000|
|$1 American Eagle 1 Oz Silver Coin||0||0||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|