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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