Gold rebounded from a more than five-week low on Monday while silver, platinum and palladium declined. Silver marked another fourteen-month low while palladium posted its worse settlement in nearly fifteen months.
Gold for December delivery rose $12.40, or 0.7%, to settle at $1,763.80 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold prices are moderately up in midday U.S. trading Monday, on some safe-haven demand amid a rough start to the trading week for world stock markets. Still, gold bulls have to be disappointed their safe-haven metal did not perform better today, given the scope of losses in the U.S. stock indexes,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,742.30 to a high of $1,768.40. They declined 2.3% last week, ending Friday at their lowest price since Aug. 10.
Silver for December delivery shed 13.3 cents, or 0.6%, to close at $22.204 an ounce. The settlement was the lowest since silver ended at $21.557 an ounce on July 21, 2020. Silver futures traded between $22.02 and $22.50. They tumbled 6.5% last week.
In other precious metal futures prices on Monday:
October platinum fell $31.40, or 3.4%, to $899.20 an ounce, ranging from $892.60 to $934.30.
- Palladium for December delivery plunged $118.60, or 6%, to $1,865.20 an ounce, trading between $1,827.50 and $2,016.50. The close was the lowest since palladium finished at $1,845.10 an ounce on June 25, 2020.
Last week platinum lost 2.7% and palladium dropped 6.7%.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Monday by 404,000 ounces in sivler coins and a combined 11,000 ounces in gold coins.
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||August||September||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||9,000||29,500||112,000||58,000||804,000|
|$25 American Eagle 1/2 Oz Gold Coin||0||3,000||21,000||3,000||80,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||6,000||34,000||6,000||126,000|
|$5 American Eagle 1/10 Oz Gold Coin||5,000||5,000||50,000||15,000||345,000|
|$50 American Buffalo 1 Oz Gold Coin||1,500||5,500||27,500||17,000||252,500|
|$1 American Eagle 1 Oz Silver Coin||404,000||1,500,000||3,930,000||2,654,000||25,594,500|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||0||52,900|