Silver marked another two-and-a-half-month high Tuesday while gold, platinum and palladium declined. Gold’s loss was its first in five sessions following a three-month settlement high.
Gold for June delivery shed $1.50, or 0.08%, to settle at $1,836.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, June gold futures bulls have the firm overall near-term technical advantage. A six-week-old price uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,881.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,775.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,824.90 to a high of $1,842.50. They rose 0.3% on Monday, for their highest settlement since Feb. 10.
Silver for May delivery tacked on 17.5 cents, or 0.6%, to settle at $27.667 an ounce. The close was the highest since Feb. 25 when silver finished at $27.685 an ounce. Silver futures traded between $27.18 and $27.70.
In other precious metals futures Tuesday:
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July platinum fell $24.30, or 1.9%, to $1,241.20 an ounce, ranging from $1,216 to $1,256.10.
- Palladium for June delivery lost $42, or 1.4%, to $2,926.20 an ounce, trading between $2,910.50 and $2,986.50. A week ago Monday, May 3, palladium scored a record settlement of $2,981.40 an ounce.
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) | ||||||
|---|---|---|---|---|---|---|
| Tuesday / Week / 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 |
