Gold Climbs from 9-Month Low; US Bullion Coins Advance

Rows of gold bullion
Gold futures rose modestly while silver fell for the sixth time in seven sessions

Gold futures finished higher on Monday for the first time in four sessions, climbing slightly from a nine-month low.

Gold for December delivery edged up $1.10, or less than 0.1%, to settle at $1,208.70 an ounce on the Comex division of the New York Mercantile Exchange.

"The outside markets were in a bullish posture for the precious metals on this day," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "The U.S. dollar hit a 13-year high last week and saw a corrective pullback Monday. The stronger greenback has been causing selling pressure across the raw commodity sector. Meantime, Nymex crude oil prices were sharply higher and hit a three-week high Monday."

Gold futures ranged from a low of $1,205.40 to a high of $1,217.80. They declined 1.3% last week, and logged their lowest settlement since Feb. 16.

Ending lower on Monday for the sixth time in seven sessions, silver for December delivery dropped 10.3 cents, or 0.6%, to $16.521 an ounce. The close is the lowest since June 7 when silver finished at $16.394 an ounce. Silver futures ranged from $16.50 to $16.76. They tumbled 4.4% last week.

In rounding out precious metals trading on Monday:

  • January platinum gained $14.50, or 1.6%, to $936.50 an ounce, trading between $920.50 and $943.30.

  • Palladium for December delivery shed $1.25, or 0.2%, to $726.55 an ounce, ranging from $721.65 to $732.25.

The PGM’s split last week as well with platinum falling 2.3% and palladium jumping 6.3%.

London Precious Metals Prices

In comparing earlier fixed London bullion prices from Friday PM to Monday PM:

  • Gold added $3.25, or 0.3%, to $1,214.25 an ounce.
  • Silver added 17 cents, or 1%, to $16.68 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

Last week, London palladium prices climbed 4.8% while the other metal prices registered declines of 2.1% for gold, 11.2% for silver and 5.2% for platinum.

US Mint Bullion Coin Sales in 2016

United States Mint bullion sales advanced on Monday by 1,000 ounces in gold coins and by 585,000 ounces in silver coins. Last week’s sales of both gold and silver coins were the highest since January when their newly 2016-editions launched.

Below is a sales breakdown of U.S. Mint bullion coins with columns listing the number of bullion coins sold during varying periods Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Monday Sales Last Week Oct Sales Nov Sales 2016 Sales
$100 American Eagle 1 Oz Platinum Coins* 20,000
$50 American Eagle 1 Oz Gold Coins 500 39,000 100,500 75,000 740,500
$25 American Eagle 1/2 Oz Gold Coins 0 1,000 8,000 5,000 69,000
$10 American Eagle 1/4 Oz Gold Coins 2,000 2,000 16,000 14,000 146,000
$5 American Eagle 1/10 Oz Gold Coins 0 55,000 75,000 80,000 860,000
$50 American Buffalo 1 Oz Gold Coins 0 11,500 28,500 20,000 197,500
$1 American Eagle 1 Oz Silver Coins 525,000 1,551,000 3,825,000 2,721,000 37,121,500
2016 Shawnee 5 Oz Silver Coins* 105,000
2016 Cumberland Gap 5 Oz Silver Coins* 75,000
2016 Harpers Ferry 5 Oz Silver Coins 0 300 200 300 36,800
2016 Theodore Roosevelt 5 Oz Silver Coins 6,000 2,300 3,100 8,600 41,200
2016 Fort Moultrie 5 Oz Silver Coins 6,000 24,800 30,800 30,800


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Danny Morano

I and am pretty sure other collectors have been waiting to hear the stats on the sale of the walking liberty. I know they are still available along with the standing liberty and 8,000 plus liberty dimes. I know you at the mercy of the Mint as we all are but I’m sure we would all appreciate an update as soon as possible as to their sales and if possible, what they are going to do with the rest of the dimes. Thank you.

Danny Morano

Hello again,
Is the 1oz. Uncirculated Silve Eagle set for release on December First the Burnished one? I have already gotten BU and Proof Silver Eagless from the Mint and was wondering if this was the Burnished one.Thank you.
Regards, DrWho7.