Metals Market

Gold, Silver and Platinum Soar in May; US Mint Bullion Sales Slow

Written by jewelerssuite

Precious metals prices climbed higher Friday, padding their monthly gains, although platinum and palladium did fall from their week ago levels. Silver finished at its best price in more than three-months while gold closed at a one-and-a-half-month high.

Gold for August delivery tacked on $23.40, or 1.4%, to settle at $1,751.70 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since April 14 when gold ended at a more than seven-year high.

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