Gold, Silver Near Flat; US Mint 1 Oz Bullion Coins Gain

by CoinNews.net on November 26, 2013 · 0 comments

Chest of Gold Eagle Bullion Coins

Sales advanced Tuesday for U.S. Mint one-ounce bullion coins

Gold and silver futures were nearly unchanged Tuesday as gold climbed a smidgen and silver dropped less than a nickel.

Gold for December delivery inched up 20 cents to $1,241.40 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices traded from $1,239.20 to $1,257.80.

"The smart money is gradually accumulating on the dips. Dollar-cost averaging remains prudent for investors who wish to get exposure to bullion but are concerned about further price falls," MarketWatch quoted Mark O’Byrne, executive director at GoldCore. Dollar-cost averaging is an investment strategy in which an investor invests a set sum in the market on a regular schedule.

On Monday, gold fell $2.90, or 0.2%, to settle at its lowest price since July 8.

Down for the sixth time in seven sessions, silver for December delivery lost 3.4 cents, or less than 0.2%, to settle at $19.85 an ounce. Silver prices ranged from $19.81 to $20.29. The precious metal in the prior session added 2 cents, or 0.1%.

In PGM futures on Tuesday:

  • January platinum declined $5.90, or 0.4%, to $1,371.90 an ounce, trading between $1,368.50 and $1,391.70.

  • Palladium for March delivery, the new most active contract, fell $3.70, or 0.5%, to end at $718.45 an ounce. Prices ranged from $713.50 to $726.60.

London Fix Precious Metals

London bullion fixings were mostly higher. When comparing Monday PM to Tuesday PM London fix prices:

  • Gold edged up $4.50, or 0.4%, to $1,247.50 an ounce,
  • Silver surged 40 cents, or 2%, to $20.11 an ounce,
  • Platinum declined $2, or 0.1%, to $1,381 an ounce, and
  • Palladium added $2, or 0.3%, to $720 an ounce

US Mint Bullion Sales in November

Sales totals for United States Mint bullion coins advanced for the one-ounce sizes. Gold Eagles rose 8,000; Gold Buffalos added 4,500 and Silver Eagles gained 107,000.

U.S. Mint bullion sales for day, the month through Nov. 25, 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 8,000 10,500 8,000 39,000 685,000
$25 American Gold Eagle Bullion Coins 0 1,000 0 2,000 58,000
$10 American Gold Eagle Bullion Coins 0 2,000 0 4,000 118,000
$5 American Gold Eagle Bullion Coins 0 5,000 0 20,000 520,000
$50 American Buffalo Gold Bullion Coins 4,500 2,000 4,500 12,500 230,500
White Mountain 5 oz. Silver Bullion Coins Sold Out 35,000
Perry’s Victory 5 oz. Silver Bullion Coins 0 300 0 900 27,100
Great Basin 5 oz. Silver Bullion Coins 0 800 0 1,400 28,600
Fort McHenry 5 oz. Silver Bullion Coins Sold Out 30,000
Mount Rushmore 5 oz. Silver Bullion Coins Sold Out 35,000
American Silver Eagle Bullion Coins 107,000 500,000 438,000 1,938,000 41,113,000

 

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