Most Precious Metals Rise Wed., Nov. 25

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9999 Gold Bar and American Gold Eagle Bullion Coins
Gold rose less than 0.1% on Wednesday, Nov. 25

Most precious metals prices advanced in pre-holiday trading Wednesday. Markets in the U.S. are closed Thursday for the Thanksgiving holiday and re-open to an abbreviated trading schedule on Friday. Platinum was among the day’s winners, posting its ninth gain in ten sessions.

Gold for December delivery edged up 90 cents, or 0.05%, to settle at $1,805.50 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver futures prices are modestly up in midday U.S. trading Wednesday, on some short covering in the futures market and some perceived bargain hunting in the cash market … Gold and silver have been socked this week by much better risk appetite in the marketplace," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily research note.

Gold futures ranged from a low of $1,798.60 to a high of $1,816.30. They lost 1.8% on Tuesday — ending at their worst price since July 16, and they fell 1.9% on Monday.

Silver for December delivery rose 6.2 cents, or 0.3%, to close at $23.362. Silver futures traded between $23.11 and $23.55. They declined 1.4% on Tuesday, for their lowest settlement since Sept. 25, and they lost 3% on Monday.

In PGM futures on Wednesday:

  • January platinum gained $11.50, or 1.2%, to $969.80 an ounce, ranging from $951.80 to $973.40.

  • Palladium for March delivery — the new, most-active contract — declined $7.10, or 0.3%, to $2,364.70 an ounce, trading between $2,344.90 and $2,370.

London Precious Metals Prices (LBMA)

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

  • Gold added $10.60, or 0.6%, to $1,810.20 an ounce.
  • Silver added 25.5 cents, or 1.1%, to $23.41 an ounce.

US Mint Bullion Sales in 2020

United States Mint bullion sales were unchanged Wednesday. 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)
Wednesday Last Week This Week September October November 2020 Sales
$50 American Eagle 1 Oz Gold Coin 0 23,500 7,000 18,500 64,500 59,500 681,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 1,000 3,000 6,000 4,000 68,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 4,000 8,000 10,000 106,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 10,000 25,000 30,000 345,000
$50 American Buffalo 1 Oz Gold Coin 0 6,000 4,000 4,500 19,500 19,000 227,000
$1 American Eagle 1 Oz Silver Coin 0 754,500 625,000 2,958,500 3,397,000 4,081,000 28,614,500
America Samoa 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Weir Farm 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Salt River Bay 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Marsh Billings 5 oz Silver Coin* 0 0 0 0 0 0 45,000
Tallgrass Prairie 5 oz Silver Coin* 0 0 0 45,000 0 0 45,000
$1 American Eagle 1 Oz Platinum Coin* 0 0 0 0 0 0 56,500

 

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