Precious Metals Rise in November Start

4

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

 

Subscribe
Notify of
guest
4 Comments
Inline Feedbacks
View all comments
Rich

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

Rich

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

Rich

Touche.

homey.jpg
SENZA

I think I’ll pass on this one LOL

11-07-2021_002.jpg