Precious Metals Rise in November Start

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Precious metals rebounded from their losses on Friday, kicking off their start to the new month on Monday with gains that ranged from 0.5% for silver to 4.6% for platinum.

Gold for December delivery rose $11.90, or 0.7%, to settle at $1,795.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Inflation continues to worry central bank officials, with lingering supply-chain issues and high energy prices making a protracted rise in consumer prices more likely than previously thought," said Ricardo Evangelista, senior analyst at ActivTrades, in a daily note according to MarketWatch.

Gold futures ranged from a low of $1,780.20 to a high of $1,797.50. They lost 0.7% last week, but still ended 1.5% higher in October.

Silver for December delivery added 12.4 cents to settle at $24.073 an ounce. Silver futures traded between $23.81 and $24.18. They declined 2.1% last week yet marked an 8.6% increase last month.

In other precious metals futures on Monday:

  • January platinum surged $46.60 $1,067.30 an ounce, ranging from $1,018.90 to $1,069.40.

  • Palladium for December delivery advanced $72, or 3.6%, to $2,052.30 an ounce, trading between $1,972 and $2,074.50.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged on Monday. 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)
Monday Last Week August September October 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 17,500 112,000 67,500 132,000 945,500
$25 American Eagle 1/2 Oz Gold Coin 0 4,000 21,000 4,000 7,000 88,000
$10 American Eagle 1/4 Oz Gold Coin 0 10,000 34,000 8,000 22,000 150,000
$5 American Eagle 1/10 Oz Gold Coin 0 30,000 50,000 35,000 85,000 450,000
$50 American Buffalo 1 Oz Gold Coin 0 2,000 27,500 24,000 38,500 298,000
$1 American Eagle 1 Oz Silver Coin 0 0 3,930,000 2,735,000 1,076,000 26,751,500
$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

First they were surging, now they are rising. Shouldn’t it have been the other way around?

By the way, isn’t this picture hot?

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Rich

As in Red Hot = Not. Those Jimmy Nardello chile peppers are pretty sweet.

Kaiser Wilhelm

So, Rich, what you’re saying is that in the interests of culinary accuracy I should have gone with the old tried and true whole banana swallowing trope after all?

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Last edited 2 months ago by Kaiser Wilhelm
Rich

LOL, Sir Kaiser! Or in this case, you could have gone for the whole enchilada.

Kaiser Wilhelm

You just know what’s coming next…

Kaiser Wilhelm

“That’s what she said.”

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Last edited 2 months ago by Kaiser Wilhelm
Rich

Touche.

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Kaiser Wilhelm

There was no way I could stop myself.

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SENZA

I think I’ll pass on this one LOL

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Kaiser Wilhelm

However, SENZA, in stopping by to say that, you did engage!

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