Precious metals notched gains in their start to the new trading month on Monday. The increases ranged from 0.1% for silver to 1.1% for palladium.
Gold for December delivery rose $5, or 0.3%, to settle at $1,822.20 an ounce on the Comex division of the New York Mercantile Exchange.
"There’s a slight lesser need for safe havens as the equity markets are surging once again," Reuters quoted David Meger, director of metals trading at High Ridge Futures.
"However, the underlying premises post (the) Federal Reserve meeting is an environment that is conducive to the yellow metal moving forward."
Gold futures ranged from a low of $1,808.20 to a high of $1,823.20. They ended 1% lower on Friday but still posted gains of 0.9% last week and 2.6% for July.
Silver for September delivery moved ahead 2.8 cents to settle at $25.575 an ounce. Silver futures traded between $25.34 and $25.68.
In other precious metals prices on Monday:
-
October platinum added $7.90, or 0.8%, to $1,056.30 an ounce, ranging from $1,046 to $1,065.90.
- Palladium for September delivery added $27.90 to $2,684.10 an ounce, trading between $2,654 and $2,696.50.
US Mint Bullion Sales in 2021
Published U.S. Mint bullion sales increased Monday by 14,500 ounces in American Gold Eagles and by 612,500 ounces in American Silver Eagles.
Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
| US Mint Bullion Sales (# of coins) | ||||||
|---|---|---|---|---|---|---|
| Monday | Last Week | May | June | July | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 13,000 | 6,000 | 20,500 | 158,000 | 49,500 | 647,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 15,000 | 10,000 | 56,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 30,000 | 0 | 86,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 15,000 | 40,000 | 0 | 90,000 | 40,000 | 295,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 500 | 44,000 | 27,500 | 14,500 | 208,000 |
| $1 American Eagle 1 Oz Silver Coin | 612,500 | 760,000 | 0 | 2,800,000 | 3,104,000 | 19,623,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 40,000 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 2,900 | 0 | 0 | 52,900 |
