Palladium declined on Friday while gold, silver and platinum advanced. The metals posted weekly gains — sharp ones for platinum and palladium and modest ones for gold and silver. Gold’s weekly increase was its first in four weeks.
Gold for August delivery rose $1.10, or 0.06%, to settle at $1,777.80 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures edged up 0.5% this week following three straight weekly losses that had trimmed prices by a combined $136.30, or 7.2%. They are 6.2% lower on the year to date.
In looking ahead to next week, Kitco News offers the following forecasts via their Wall Street & Main Street surveys:
"Kitco’s gold price survey results showed that out of 13 participating analysts on the Wall Street side, 53.8% were bullish on prices next week. The other half of the votes were evenly split between the bearish and neutral camps, each gathering 23.1% of the votes.
A similar trend was seen on Main Street. Out of the 839 participating retail investors, 54.1% were bullish on prices next week, 24.2% were bearish, and 21.7% were neutral."
Elsewhere, silver for July delivery inched up 3.7 cents, or 0.1%, to close at $26.087 an ounce. Silver futures also traded 0.5% higher this week, after sinking 7.7% last week. They are down 1.2% on the year.
In other precious metals futures on Friday and for the week:
-
July platinum rose $9.70, or 0.9%, to end at $1,103.60 an ounce, for a 6% weekly increase.
- Palladium for September delivery fell $6.70, or 0.3%, to $2,637.20 an ounce, but registered a 6.8% gain on the week.
Both are higher on the year so far with advances of 2.3% for platinum and 7.5% for palladium.
US Mint Bullion Sales in 2021
For a second straight week, the United States Mint published no bullion sales. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Friday / This Week | Last Week | March Sales | April Sales | May | June | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 55,500 | 38,500 | 20,500 | 4,000 | 430,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 0 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 20,000 | 0 | 0 | 0 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 55,000 | 0 | 0 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 33,500 | 11,000 | 44,000 | 7,000 | 173,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 4,087,000 | 1,053,000 | 0 | 0 | 13,106,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 35,000 | 0 | 40,000 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | N/A | 50,000 | 2,900 | 0 | 52,900 |
Kaiser –
I am going to start a coin company called “Pretty Good Condition Coin Company”! The coins I sell will be in a sealed plastic slab and labeled with the grade as “PGC”. I hear that when many coin shop owners get a call from the uneducated public about a coin they have & the coin dealer asks them what condition it is in, they almost always say, “Pretty good condition”. Lol.
NumisdudeTX