Gold Ends Monday at 3-Month High

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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
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