Precious metals split Monday with gold and platinum edging higher and silver and palladium ending lower.
Gold for December delivery rose $2.30, or 0.1%, to settle at $1,794.40 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, gold bulls have the slight overall near-term technical advantage but need to show more power soon to keep it. A four-week-old price uptrend on the daily bar chart has stalled out. Bulls’ next upside price objective is to produce a close above solid resistance at the July high of $1,836.20," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,784.40 to a high of $1,800.20. They declined 2.3% last week, for their first weekly loss in five weeks.
Silver for December delivery shed 10.4 cents, or 0.4%, to settle at $23.796 an ounce. Silver futures traded between $23.36 and $23.89. They fell 3.6% last week.
In other metal precious metals futures prices on Monday:
-
October platinum added $1, or 0.1%, to $957.50 an ounce, ranging from $942.20 to $958.40.
- Palladium for December delivery lost $46.50, or 2.2%, to $2,079.80 an ounce, trading between $2,047 and $2,156.50.
Last week platinum dropped 6.4% and palladium plunged 12%.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales increased Monday by 1,229,000 ounces in silver coins and a combined 16,000 ounces in gold 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 | August | September | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 9,500 | 19,500 | 112,000 | 29,000 | 775,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 2,000 | 0 | 21,000 | 2,000 | 79,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 4,000 | 0 | 34,000 | 4,000 | 124,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 5,000 | 50,000 | 5,000 | 335,000 |
| $50 American Buffalo 1 Oz Gold Coin | 4,500 | 10,000 | 27,500 | 14,500 | 250,000 |
| $1 American Eagle 1 Oz Silver Coin | 1,229,000 | 750,000 | 3,930,000 | 1,979,000 | 24,919,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 0 | 52,900 |
