In their start to the new trading week on Monday, precious metals split with gold and silver rising and platinum and palladium falling.
Gold for December delivery rose $11.60, or 0.7%, to settle at $1,789.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Aug. 5.
"The bulls have momentum on their side and stepped in to do some bargain hunting on the overnight/early-morning dip in prices. The yellow metal has made a solid recovery from the August lows and the bulls and bears are now back on a level overall near-term technical playing field," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,772 to a high of $1,791.30. They gained 0.9% last week.
Silver for September delivery added 1.2 cents, or 0.5%, to end at $23.791 an ounce. Silver futures traded between $23.38 and $23.88. They dropped 2.3% last week.
In other precious metals futures prices on Monday:
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October platinum declined $4.90, or 0.5%, to $1,021.10 an ounce, ranging from $1,001.30 to $1,027.
- Palladium for September delivery lost $58.50, or 2.2%, to $2,598 an ounce, trading between $2,576 and $2,650.
Last week platinum soared 5.5% and palladium increased 1%.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Monday by a combined 22,000 ounces in gold coins and 668,000 ounces in silver coins.
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 | June | July | August | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 13,500 | 40,000 | 158,000 | 49,500 | 69,000 | 703,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 13,000 | 0 | 15,000 | 10,000 | 13,000 | 69,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 30,000 | 0 | 0 | 86,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 15,000 | 90,000 | 40,000 | 30,000 | 310,000 |
| $50 American Buffalo 1 Oz Gold Coin | 2,000 | 13,500 | 27,500 | 14,500 | 18,500 | 226,500 |
| $1 American Eagle 1 Oz Silver Coin | 668,000 | 968,500 | 2,800,000 | 3,104,000 | 2,249,000 | 21,259,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 0 | 52,900 |
