Gold Nears $1,900/oz on Monday, June 7

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In futures trading Monday, palladium declined while gold, silver and platinum gained. Increases for the three metals were their second in a row.

Gold for August delivery rose $6.80, or 0.4%, to settle at $1,898.80 an ounce on the Comex division of the New York Mercantile Exchange.

"The safe-have metals see little risk aversion in the global market place at present and that could limit the upside in the near term," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,883.70 to a high of $1,902.90. They lost 0.7% last week, for their first weekly decline in five weeks. Last Wednesday at $1,909.90 an ounce they posted their highest settlement since Jan. 7.

Silver for July delivery added 12.2 cents, or 0.4%, to end at $28.018 an ounce. Silver futures traded between $27.59 and $28.09. They dipped 0.4% last week.

In other precious metals futures Monday:

  • July platinum gained $10.40, or 0.9%, to $1,174.80 an ounce, ranging from $1,160.60 to $1,178.40.

  • Palladium for September delivery shed $4.50, or 0.2%, to $2,837.70 an ounce, trading between $2,822 and $2,847.

Last week platinum declined 1.5% while palladium rose 0.4%.

US Mint Bullion Sales in 2021

The United States Mint published their first bullion sales of the month with gains of 4,000 ounces in American Gold Eagles and 1,000 ounces in American Buffalo gold coins.

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 / Week / June Last Week February Sales March Sales April Sales May 2021 Sales
$50 American Eagle 1 Oz Gold Coin 4,000 0 121,000 55,500 38,500 20,500 430,500
$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 1,000 0 16,000 33,500 11,000 44,000 167,000
$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 0 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
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