Gold, silver and platinum kicked off the new trading week on Monday with losses while palladium gained.
Gold for June delivery fell $12.10, or 0.7%, to settle at $1,732.70 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, June gold futures prices are so far seeing a routine downside correction from recent gains after prices late last week hit a five-week high. However, the bulls need to step up and show power soon to keep the technical ground they have gained recently. The gold bears still have the overall near-term technical advantage," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,735.20 to a high of $1,746.20. They gained 1% last week.
Silver for May delivery lost 45.8 cents, or 1.8%, to end at $24.867 an ounce. Silver futures traded between $24.73 and $25.33. They rose 1.5% last week.
In other precious metals futures prices Monday:
-
July platinum declined $34.50, or 2.9%, to $1,174.80 an ounce, ranging from $1,168.90 to $1,209.40.
- Palladium for June delivery tacked on $35.90, or 1.4%, to $2,671.90 an ounce, trading between $2,615 and $2,683.50.
Last week platinum edged up 0.06% and palladium declined 0.8%.
US Mint Bullion Sales in 2021
United States Mint bullion sales were unchanged Monday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Monday | Last Week | February Sales | March Sales | April Sales | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 13,000 | 121,000 | 55,500 | 13,000 | 380,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 9,000 | 0 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 20,000 | 0 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 55,000 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 3,500 | 16,000 | 33,500 | 3,500 | 114,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 596,000 | 3,191,500 | 4,087,000 | 596,000 | 12,649,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | N/A | 35,000 | 0 | 35,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 50,000 | N/A | N/A | 50,000 | 50,000 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 0 |
