Gold and Silver Rise Modestly Monday, June 28

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Platinum declined on Monday while gold, silver and palladium gained. Palladium rallied 2.4%. Increases in gold and silver were slight.

Gold for August delivery rose $2.90, or 0.2%, to settle at $1,780.70 an ounce on the Comex division of the New York Mercantile Exchange.

"If we see gold rally back above $1,800 this week ahead of Friday’s jobs numbers, that might be a good place for gold bulls to exit some long positions," Michael Armbruster, managing partner at Altavest, told MarketWatch.

Gold futures ranged from a low of $1,770.40 to a high of $1,786.10. They climbed 0.5% last week.

Silver for July delivery added 13.6 cents, or 0.5%, to settle at $26.223 an ounce. Silver futures traded between $25.84 and $26.30. Like for gold, silver prices edged 0.5% higher last week.

In other precious metal prices on Monday:

  • July platinum declined $6, or 0.5%, to $1,097.60 an ounce, ranging from $1,090.90 to $1,113.70.

  • Palladium for September delivery gained $62.60 to $2,699.40 an ounce, trading between $2,630 and $2,704.50.

Last week platinum surged 6% and palladium jumped 6.8%.

US Mint Bullion Sales in 2021

United States Mint published no bullion sales on Monday. 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)
Monday / 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
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Kaiser Wilhelm

Silver’s now down about $2.00 or about 7% an ounce from its recent highwater mark. That’s the equivalent of palladium losing approximately $190.00 an ounce. Sheesh.

Last edited 1 month ago by Kaiser Wilhelm
Kaiser Wilhelm

On a lighter note, one which I can only think of connecting to the primary thread here by saying that when it comes to coins (precious metal or otherwise) it takes an awful lot of them to pay for a typical wedding, here’s the reply card complete with the menu options for one of those shindigs. Go ahead, take a look at the choices being offered to the guests.

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Last edited 1 month ago by Kaiser Wilhelm