Metals Rise Tuesday, Nov. 3

by CoinNews.net on November 3, 2020 · 0 comments

Gold Bullion and Gold Bars

Gold futures rose 1 % on Tuesday, Nov. 3. The yellow metal marked a one-week high.

Precious metals gained together for a second session in a row Tuesday. Gold and silver finished at one-week highs.

Gold for December delivery settled up $17.90, or 1%, to $1,910.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since last Tuesday, Oct. 27.

"The sole driver behind gold prices is the high likelihood that there is going to be chaos surrounding the U.S. elections, from the predictions of not having a president by tonight," Reuters quoted Jeffrey Sica, founder of Circle Squared Alternative Investments.

Gold futures ranged from a low of $1,887.60 to a high of $1,912.20. They gained 0.7% on Monday.

Silver for December delivery added 30.1 cents, or 1.3%, to settle at $24.334. The close was also silver’s highest since Oct. 27. Silver futures traded between $23.97 and $24.49. They advanced 1.6% on Monday.

In other precious metals futures prices on Tuesday:

  • January platinum rose $15.50, or 1.8%, to $875 an ounce, ranging from $858.10 to $886.60.

  • Palladium for December delivery jumped $77.40, or 3.5%, to $2,297.80 an ounce, trading between $2,223.90 and $2,309.70.

London Precious Metals Prices (LBMA)

In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:

  • Gold added $18.40, or 1%, to $1,908.30 an ounce.
  • Silver rose 19.5 cents, or 0.8%, to $24.17 an ounce.

US Mint Bullion Sales in 2020

United States Mint bullion sales increased Tuesday by 1,653,000 ounces in silver coins and 8,500 ounces in gold coins.

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

US Mint Bullion Sales (# of coins)
Tuesday / Week / Nov Last Week August September October 2020 Sales
$50 American Eagle 1 Oz Gold Coin 6,000 18,000 104,000 18,500 64,500 628,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 10,000 3,000 6,000 64,000
$10 American Eagle 1/4 Oz Gold Coin 2,000 4,000 20,000 4,000 8,000 98,000
$5 American Eagle 1/10 Oz Gold Coin 5,000 15,000 70,000 10,000 25,000 320,000
$50 American Buffalo 1 Oz Gold Coin 1,500 5,000 28,000 4,500 19,500 209,500
$1 American Eagle 1 Oz Silver Coin 1,653,000 937,000 4,477,000 2,958,500 3,397,000 26,186,500
America Samoa 5 oz Silver Coin* 0 0 0 0 0 45,000
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 45,000
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 45,000
Marsh Billings 5 oz Silver Coin* 0 0 0 0 0 45,000
Tallgrass Prairie 5 oz Silver Coin* 0 0 N/A 45,000 0 45,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 56,500

 

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