Most precious metals futures closed higher Tuesday after an extended break from trading for the U.S. Memorial Day holiday on Monday. Gold was near unchanged after ending last month at a more than 20-week high.
Gold for August delivery edged down 30 cents, or 0.02%, to settle at $1,905 an ounce on the Comex division of the New York Mercantile Exchange.
"Most of the moves in the gold prices are primarily due to the weakness in the dollar index, which hasn’t gained much attraction despite the fact that we saw decent [personal consumption expenditures] numbers for the U.S. economy last Friday," MarketWatch quoted Naeem Aslam, chief market analyst at AvaTrade.
Gold futures ranged from a low of $1,894.50 to a high of $1,919.20. They advanced 1.5% last week, marking a gain in May of 7.8%, while logging their highest settlement since Jan. 7.
Silver for July delivery closed up 8.8 cents, or 0.3%, to $28.102 an ounce. Silver futures traded between $27.93 and $28.71. They rose 1.9% last week to end the month of May with an 8.3% increase.
In other precious metals futures Tuesday:
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July platinum moved up $17.30, or 1.5%, to $1,199.70 an ounce, ranging from $1,176.70 to $1,211.
- Palladium for September delivery rose $33.10, or 1.2%, to $2,863.20 an ounce, trading between $2,815 and $2,873.
Last week platinum gained 1.1% and palladium advanced 2%.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales were unchanged Tuesday. 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 / June | Last Week | February Sales | March Sales | April Sales | May | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 2,000 | 121,000 | 55,500 | 38,500 | 20,500 | 426,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 9,000 | 0 | 0 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 20,000 | 0 | 0 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 55,000 | 0 | 0 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 13,000 | 16,000 | 33,500 | 11,000 | 44,000 | 166,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 3,191,500 | 4,087,000 | 1,053,000 | 0 | 13,106,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 13,600 | N/A | 35,000 | 0 | 40,000 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | N/A | N/A | 50,000 | 2,900 | 52,900 |
