Gold and Palladium Rise Thursday, May 13


Precious metals split Thursday with gold and palladium gaining and silver and platinum falling. Gold’s increase was its first in three sessions.

Gold for June delivery rose $1.20, or 0.07%, to settle at $1,824 an ounce on the Comex division of the New York Mercantile Exchange.

"The U.S. dollar index lost its overnight highs and that also aided the gold market bulls. Silver is a bit weaker today on some mild profit taking, but both metals remain in price uptrends on the daily charts, to suggest the path of least resistance for prices will remain sideways to higher in the near term," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,808.40 to a high of $1,829.10. They lost 0.7% on Wednesday, they shed 0.08% on Tuesday, and they rose 0.3% on Monday for their highest settlement since Feb. 10.

Silver for May delivery declined 18.5 cents, or 0.7%, to settle at $27.059 an ounce. Silver futures traded between $26.78 and $27.33. They dropped 1.5% on Wednesday, they rose 0.6% on Tuesday for their best close since Feb. 25, and they edged up 0.05% on Monday.

In other precious metals futures Thursday:

  • July platinum fell $19.40, or 1.6%, to $1,206.50 an ounce, ranging from $1,200.50 to $1,224.10.

  • Palladium for June delivery added $15.60, or 0.6%, to $2,864.60 an ounce, trading between $2,798.50 and $2,901. A week ago Monday, May 3, palladium scored a record settlement of $2,981.40 an ounce.

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)
Thursday / Week / 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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Recieved my US Mint catalog. There is listed a silver reverse proof 2 coin set and a gold 1/10 oz reverse proof set in a DESIGNERS EDITION. Does anyone know what is going to be in these 2 sets? Will they contain a type 1 and type 2 or will both coins be type 2???

Kaiser Wilhelm

The One Ounce Silver Reverse Proof Two-Coin Set Designer Edition will consist of one 2021-Type 1 Reverse Proof Silver Eagle and one 2021-Type 2 Reverse Proof Silver Eagle. The Product Limit for this set has as of today not been disclosed yet. Hopefully it will more reasonable than the one announced for the Two-Coin Gold Set as detailed below. The One-Tenth Ounce Gold Two-Coin Set Designer Edition will include one 2021-Type 1 One-Tenth Ounce Gold Proof Coin and one 2021-Type 2 One-Tenth Ounce Proof Gold Coin. Neither of these two gold coins will be in Reverse Proof. By the way,… Read more »

Last edited 1 month ago by Kaiser Wilhelm