Precious metals finished lower on Monday, with palladium leading the declines with a drop of 2.8%. Gold experienced the most modest decline, yet it marked its sixth consecutive fall, resulting in its ninth loss in ten sessions.
Gold for December delivery settled down $2.60, or 0.1%, to $1,944 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since July 11.
"Gold and silver bulls remain very timid to start the trading week as the U.S. dollar index is higher, crude oil prices lower and as the near-term technical postures for both metals are bearish," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures traded between $1,934.20 and $1,948.20. Last week, they fell by 1.5%.
Falling for the fifth time in six sessions, silver for September shed 3.5 cents, or 0.2%, ending at $22.708 an ounce. The close was silver’s worst since June 23. Silver futures ranged from $22.41 and $22.82. They tumbled last week by 4.1%.
In other precious metals prices on Monday:
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October platinum lost $7.80, or 0.9%, to $906.80 an ounce, trading between $893.60 and $919.
- Down for the first time in four sessions, palladium for September delivery dropped $36.20 to $1,272.90 an ounce. Palladium prices ranged from $1,248.50 to $1,317. Last Tuesday, palladium at $1,218.10 an ounce marked its lowest close since Jan. 3, 2019.
Last week, platinum declined by 1.5% while palladium advanced by 3.5%.
US Mint Bullion Sales in 2023
For only the second time this month, on Monday, the U.S. Mint published gains in bullion sales. The additions included 760,000 ounces in American Silver Eagles, 11,500 ounces in American Gold Buffalos, and a combined total of 8,500 ounces in American Gold Eagles.
The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold (not total ounces) during different time periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Monday | Last Week | May | June | July | August | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 8,000 | 8,000 | 60,500 | 35,000 | 41,000 | 16,000 | 682,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 2,000 | 18,000 | 1,000 | 0 | 2,000 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 32,000 | 4,000 | 0 | 2,000 | 134,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 5,000 | 55,000 | 80,000 | 60,000 | 0 | 60,000 | 445,000 |
| $50 American Buffalo 1 Oz Gold Coin | 11,500 | 0 | 47,000 | 17,000 | 16,500 | 11,500 | 304,500 |
| $1 American Eagle 1 Oz Silver Coin | 760,000 | 823,000 | 1,593,000 | 1,482,000 | 209,100,000 | 1,583,000 | 13,398,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 1,200 | 3,500 | 0 | 0 | 12,700 |
I have my uncirculated and proof Morgan and peace dollars. Only one to come is the reverse proofs. Mine look nice.
Glad you got your 2, and that they were unblemished. I’ll bet they are stunning!
I see others said they had hair on capsules and scuffs and scrapes. Who else had that issue. I have not opened mine