Gold Logs Best Close in Over Four Months

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Precious metals gained on Monday, logging increases ranging from less than 0.1% for palladium to 3.3% for silver. Gold ended at a more than four-month high.

Gold for June delivery added $29.50, or 1.6%, to settle at $1,867.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the strongest since Jan. 7 when gold ended at $1,913.60 an ounce.

"There’s a flight to safety out of the equity markets … and anticipation that we’re going to continue to see inflation numbers trend much stronger going forward," Reuters quoted Jeffrey Sica, founder of Circle Squared Alternative Investments.

Gold futures ranged from a low of $1,841.10 to a high of $1,869.30. They rose 0.4% last week.

Silver for May delivery surged 90.9 cents to settle at $28.274 an ounce. The finish was the highest since Feb. 1 when silver closed at $29.418 an ounce.

Silver futures traded between $27.44 and $28.44. Last week they dipped 0.4%.

In other precious metals futures prices on Monday:

  • July platinum ended up $21.70, or 1.8%, to $1,244.50 an ounce, ranging from $1,224 to $1,247.50.

  • Palladium for June delivery rose $1.30, or 0.04%, to $2,895.90 an ounce, trading between $2,877 and $2,909.

Last week platinum fell 2.5% and 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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