Precious metals changed little in their start to the new trading week on Monday. Palladium slipped slightly while gold, silver and platinum rose modestly.
Gold for December delivery climbed 30 cents, or 0.02%, to settle at $1,752 an ounce on the Comex division of the New York Mercantile Exchange.
"We’re still having some concerns out there that is keeping the safe haven bid alive on dips. But we continue to see the dollar making gains and keeping a little bit of pressure on the commodities complex, most notably gold," Reuters quoted David Meger, director of metals trading at High Ridge Futures.
Gold futures ranged from a low of $1,744.70 to a high of $1,760.90. Like today’s gain, they edged up 30 cents last week.
Silver for December delivery rose 26.9 cents, or 1.2%, to close at $22.694 an ounce. Silver futures traded between $22.39 and $22.87. They inched 0.4% higher last week.
In other precious metal futures prices on Monday:
-
October platinum added $1.70, or 0.2%, to $981.60 an ounce, ranging from $977.20 to $1,000.30.
- Palladium for December delivery shed $3.40, or 0.2%, to $1,947.70 an ounce, trading between $1,921.50 and $1,977.50.
Last week platinum soared 5.3% and palladium declined 1.7%.
US Mint Bullion Sales in 2021
Published United States Mint bullion sales were unchanged Monday. 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 | 0 | 18,500 | 112,000 | 67,500 | 813,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 21,000 | 4,000 | 81,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 2,000 | 34,000 | 8,000 | 128,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 25,000 | 50,000 | 35,000 | 365,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 8,500 | 27,500 | 24,000 | 259,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 485,000 | 3,930,000 | 2,735,000 | 25,675,500 |
| $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 |
Kaiser, as of 10:00 am EST your silver is down $0.25, so you’re out three cents per oz of your Silver holdings.
I am wondering what October holds for PM’s…?
Either a trick or a treat
@Rich – Great Comeback!
You win the Internet for the day.
signed,
The Management