Gold and Silver Rise Modestly Following Inflation Data

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Previous metals divided Tuesday with gold and silver each rising less than 1% and platinum and palladium tumbling — 2% and 5%, respectively. Gold’s gain was its second straight.

Gold for December delivery tacked on $12.70, or 0.7%, to settle at $1,807.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Sept. 3.

"The [gold and silver] metals markets got a lift following a U.S. inflation report this morning that came in cooler than expected and in turn sparked a sell off in the U.S. dollar index," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

The Labor Department reported that consumer prices increased 0.3% in August from 0.5% in July while annual inflation eased to 5.3% following two straight readings of 5.4%.

Gold futures ranged from a low of $1,780.60 to a high of $1,810.60. They inched 0.1% higher on Monday.

Silver for December delivery rose 8.9 cents, or 0.4%, to settle at $23.885 an ounce. Silver futures traded between $23.43 and $23.98. They gave back 0.4% on Monday.

In other metal precious metals futures Tuesday:

  • October platinum fell $18.80 to $938.70 an ounce, ranging from $927.10 to $957.70.

  • Palladium for December delivery plummeted $104.20 to $1,975.60 an ounce, trading between $1,917 and $2,087.50.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales increased Tuesday by 246,000 ounces in American Silver Eagles and a combined 1,500 ounces in American Gold Eagles.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Tuesday Last Week This Week August September 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 19,500 9,500 112,000 29,000 775,000
$25 American Eagle 1/2 Oz Gold Coin 1,000 0 3,000 21,000 3,000 80,000
$10 American Eagle 1/4 Oz Gold Coin 2,000 0 6,000 34,000 6,000 126,000
$5 American Eagle 1/10 Oz Gold Coin 5,000 5,000 5,000 50,000 10,000 340,000
$50 American Buffalo 1 Oz Gold Coin 0 10,000 4,500 27,500 14,500 250,000
$1 American Eagle 1 Oz Silver Coin 246,000 750,000 1,475,000 3,930,000 2,225,000 25,165,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 52,900

 

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Kaiser Wilhelm

Silver rose 8.9 cents.

Can anybody spare a dime?

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Mammoth

Kaiser, speaking of dimes – my comment regarding the Barber Dime was in reference to how worn these coins all seem to be.
Ever heard the term, ‘Barber Smoothies?’

Also, compared to other coin designs both before and since, the Barber Dime, Quarter, and Half Dollar are quite unimaginative.

Kaiser Wilhelm

Mammoth,

Thank you for that explanation. I’m always open to learning, and therefore when I feel I’m missing some context in a conversation I want to get at the root of that. Once the blanks have been filled in, as you did just now, I can absorb and digest my new morsel of knowledge.

Since I have had almost no experience, especially of the hands-on variety, with the Barber series of coins, I don’t have much of a feeling either way about them. My clear favorites, however, are the Mercury and Liberty coins that I grew up with.

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Last edited 10 days ago by Kaiser Wilhelm