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 |
As in Red Hot = Not. Those Jimmy Nardello chile peppers are pretty sweet.
LOL, Sir Kaiser! Or in this case, you could have gone for the whole enchilada.
Touche.
I think I’ll pass on this one LOL