Gold, Silver Dive in May; US Mint Bullion Sales Exceptional
Gold and silver prices plummeted in May. U.S. Mint bullion coin sales, however, were exceptional for the month. Gold for August delivery edged up 80 cents, or less than 0.1%, to settle at $1, 217.50 an ounce on the Comex division of the New York Mercantile Exchange. Elsewhere in bullion trading, silver for July delivery dropped 27.5 cents, or 1.7%, to settle at $15.994 an ounce, the lowest close since April 11.
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