Precious metals gained Monday, led by palladium which rose 1.5%. The other metals climbed less than 1%. Gold extended its winning streak to four in a row, and ended the day at a three-month high.
Gold for June delivery added $6.30, or 0.3%, to settle at $1,837.60 an ounce on the Comex division of the New York Mercantile Exchange. The finished was the highest since Feb. 10 when gold closed at $1,842.70 an ounce.
"The metals are supported early this week by a slumping U.S. dollar index that hit a 2.5-month low today. The near-term technical postures for both metals are also bullish and getting more so, which continues to invite the shorter-term futures traders on board the long side," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,830.50 to a high of $1,846.30. Last week gold advanced 3.6%.
Silver for May delivery edged up 1.5 cents, or 0.05%, to finish at $27.492 an ounce. The settlement was the highest since Feb. 25 when silver finished at $27.685 an ounce. Silver futures traded between $27.42 and $28. The soared 6.2% last week.
In other precious metals futures prices on Monday:
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July platinum tacked on $11, or 0.9%, to $1,265.50 an ounce, ranging from $1,250.60 to $1,281.40.
- Palladium for June delivery added $43.10 to $2,968.20 an ounce, trading between $2,915.50 and $3,000. Last Monday, palladium logged a record settlement of $2,981.40 an ounce.
Last week platinum gained 4.1% while palladium declined 1%.
US Mint Bullion Sales in 2021
The United States Mint has yet to report any bullion sales for May. 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 / May | Last Week | February Sales | March Sales | April Sales | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 121,000 | 55,500 | 38,500 | 406,000 |
| $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 | 0 | 16,000 | 33,500 | 11,000 | 122,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 3,191,500 | 4,087,000 | 1,053,000 | 13,106,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | N/A | 35,000 | 0 | 35,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | N/A | N/A | 50,000 | 50,000 |
