Palladium surged 3% in its start to the new trading week on Monday while gold, silver and platinum each logged 0.4% losses.
Gold for December delivery shed $7.30 to settle at $1,812.20 an ounce on the Comex division of the New York Mercantile Exchange.
Prices are "seesawing between economic reality and taper expectations by the Federal Reserve and other key central banks," MarketWatch quoted Chintan Karnani, director of research at Insignia Consultants.
Gold futures ranged from a low of $1,810 to a high of $1,826.50. They advanced 2% last week, ending Friday at their highest price since Aug. 2.
Silver for December delivery — the new, most-active contract — declined 10.4 cents to settle at $24.006 an ounce. Silver futures traded between $23.95 and $24.28. They jumped 4.1% last week.
In other precious metals prices on Monday:
-
October platinum fell $4.40 to $1,002.10 an ounce, ranging from $994.80 to $1,014.20.
- Palladium for December delivery jumped $71 to $2,479.10 an ounce, trading between $2,404 and $2,500.
Last week platinum gained 1.2% and palladium soared 5.8%.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Monday by 625,000 ounces in American Silver Eagles, 4,500 ounces in American Gold Buffalos, and a combined 15,000 ounces in American Gold Eagles.
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 | Last Week | June | July | August | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 9,500 | 17,000 | 158,000 | 49,500 | 110,000 | 744,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 15,000 | 10,000 | 21,000 | 77,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 22,000 | 6,000 | 30,000 | 0 | 28,000 | 114,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 10,000 | 90,000 | 40,000 | 50,000 | 330,000 |
| $50 American Buffalo 1 Oz Gold Coin | 4,500 | 4,500 | 27,500 | 14,500 | 27,500 | 235,500 |
| $1 American Eagle 1 Oz Silver Coin | 625,000 | 775,000 | 2,800,000 | 3,104,000 | 3,805,000 | 22,815,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 52,900 |
