Gold Ends Tuesday, May 25, Near $1,900/oz

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Gains in precious metals Tuesday ranged from 0.5% for silver to 1.7% for palladium. Gold closed near $1,900 an ounce, posting a fresh, near 20-week high, and its eighth increase in nine sessions.

Gold for June delivery rose $13.50, or 0.7%, to settle at $1,898 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.

"A slumping U.S. dollar on the foreign exchange market and a wobbly U.S. stock market on this day worked to support the precious metals markets. Charts remain bullish for both metals and that continues to invite technically based traders to the long side," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,873.20 to a high of $1,899.40. They moved ahead 0.4% on Monday.

Silver for May delivery added 15.1 cents to settle at $28.056 an ounce. Silver futures traded between $27.54 and $28.16. They tacked on 1.5% on Monday.

In other precious metals futures prices on Tuesday:

  • July platinum gained $19.30, or 1.6%, to $1,196.90 an ounce, ranging from $1,168.90 to $1,200.

  • Palladium for June delivery advanced $47.70 to $2,777.20 an ounce, trading between $2,724.50 and $2,785.

US Mint Bullion Sales in 2021

Published U.S. Mint sales increased Tuesday for gold and platinum bullion coins.

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 / This Week Last Week February Sales March Sales April Sales May 2021 Sales
$50 American Eagle 1 Oz Gold Coin 2,000 18,500 121,000 55,500 38,500 20,500 426,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 9,000 0 0 0 31,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 20,000 0 0 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 55,000 0 0 150,000
$50 American Buffalo 1 Oz Gold Coin 10,000 31,000 16,000 33,500 11,000 41,000 163,000
$1 American Eagle 1 Oz Silver Coin 0 0 3,191,500 4,087,000 1,053,000 0 13,106,500
$100 American Eagle 1 Oz Platinum Coin 13,600 26,400 N/A 35,000 0 40,000 75,000
Tuskegee Airmen 5 oz Silver Coin 0 2,900 N/A N/A 50,000 2,900 52,900
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