Gold Edges Up, US Mint Silver Bullion Coins Gain

by CoinNews.net on November 19, 2013 · 2 comments

Gold Nuggets, Silver Bar

Gold rebounded modestly Tuesday, rising for the third time in four sessions as investors looked ahead to the FOMC release of its minutes on Wednesday afternoon.

Gold for December delivery added $1.20, or 0.1%, to end at $1,273.50 an ounce on the Comex division of the New York Mercantile Exchange. Gold ranged from a low of $1,268 to a high of $1,278.20.

"Gold and silver prices continue to be buffeted by demand for physical gold from Asian buyers versus negative investment sentiment in the western world expressed in sales of ‘paper’ gold," such as exchange-traded funds and futures, MarketWatch quoted James West, portfolio adviser to the Midas Letter Opportunity Fund.

Gold prices started the week on Monday with a loss of $15.10, or 1.2%.

Silver for December delivery dipped 2.3 cents, or 0.1%, to finish at $20.33 an ounce. Prices ranged from $20.20 to $20.48. Silver on Monday shed 37 cents, or 1.8%.

In PGM futures on Tuesday:

  • January platinum advanced $8.90, or 0.6%, to $1,419.90 an ounce, ranging from $1,405.10 to $1,425.50. Platinum lost $27.90, or 1.9%, in the prior session.

  • Palladium for December delivery gained $5.15, or 0.7%, to $721.90 an ounce, trading between $713.30 and $725.60. On Monday, palladium dropped $15.90, or 2.2%.

London Fix Precious Metals

London bullion fixings continued lower. In contrasting the Monday PM to Tuesday PM London fix prices:

  • Gold declined $7.75, or 0.6%, to $1,275.50 an ounce,
  • Silver fell 20 cents, or 1%, to $20.44 an ounce,
  • Platinum lost $20, or 1.4%, to $1,410 an ounce, and
  • Palladium declined $8.50, or 1.2%, to $718.50 an ounce

US Mint Bullion Sales in November

On Monday, all United States Mint bullion options advanced. On Tuesday, sales increased for all but one of the Mint’s silver bullion coins. Sales breakouts for the day, week-to-date, for the month through Nov. 19, and the year-to-date are listed below.

American Eagle and Buffalo Bullion Sales (# of coins)
Tuesday Sales Last Week Week-To-Date Sales November Sales YTD Sales
$50 American Gold Eagle Bullion Coins 0 10,000 4,500 25,000 671,000
$25 American Gold Eagle Bullion Coins 0 1,000 1,000 2,000 58,000
$10 American Gold Eagle Bullion Coins 0 0 2,000 4,000 118,000
$5 American Gold Eagle Bullion Coins 0 10,000 5,000 20,000 520,000
$50 American Buffalo Gold Bullion Coins 0 5,000 1,000 7,000 225,000
White Mountain 5 oz. Silver Bullion Coins Sold Out 35,000
Perry’s Victory 5 oz. Silver Bullion Coins 0 600 100 700 26,900
Great Basin 5 oz. Silver Bullion Coins 0 600 200 800 28,000
Fort McHenry 5 oz. Silver Bullion Coins 300 400 400 1,800 30,000
Mount Rushmore 5 oz. Silver Bullion Coins 2,800 19,100 3,800 28,900 28,900
American Silver Eagle Bullion Coins 139,000 500,000 500,000 1,500,000 40,675,000

 

{ 2 comments… read them below or add one }

w November 20, 2013 at 9:15 am

40 million silver eagles sold this year and silver is only $20 a ounce it should be much higher.

Mercury November 20, 2013 at 10:34 am

@W only $20 an ounce
I guess the Approve Providers haven’t figured that one out yet. Bullions are still selling with $6.00+ premiums. The premium should be much lower, but seller will continue to sell’em high as long as the consumers will buy’em. I’m waiting to buy mine next year at $20 an ounce.

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