In precious metals futures Tuesday, platinum declined while gold, silver and palladium finished modestly higher. Gold and silver registered fresh, multi-month settlement highs.
Gold for June delivery edged up 40 cents, or 0.02%, to settle at $1,868 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Jan. 7 when gold ended at $1,913.60 an ounce.
"Investors know that inflation is going to run hot, and it will remain above the Federal Reserve’s target of 2%," MarketWatch quoted Naeem Aslam, chief market analyst at AvaTrade, in a note. "Higher inflation numbers are going to keep the shine in the gold price, and it is highly likely that we may see the gold price topping the $1,900 mark in the coming days."
Gold futures ranged from a low of $1,863.50 to a high of $1,875.90. They gained 1.6% on Monday.
Silver for May delivery added 5.9 cents, or 0.2%, to settle at $28.333 an ounce. The close was the highest since Feb. 1 when silver ended at $29.418 an ounce. Silver futures traded between $28.12 and $28.90. They soared 3.3% on Monday.
In other precious metals futures Tuesday:
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July platinum declined $19.20, or 1.5%, to $1,225.30 an ounce, ranging from $1,215.10 to $1,252.80.
- Palladium for June delivery rose $7.20, or 0.3%, to $2,903.10 an ounce, trading between $2,893.50 and $2,941.
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) | ||||||
|---|---|---|---|---|---|---|
| Tuesday / 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 |
