Gold Gains; Silver Ends at 2-Month Low

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Silver declined in the mid-week trading session on Wednesday, marking a two-month low, while gold, platinum and palladium advanced.

Gold for February delivery rose $7.80, 0.4%, to settle at $1,784.30 an ounce on the Comex division of the New York Mercantile Exchange.

"The key outside markets are in a daily bullish posture for the metals at mid-week, as the U.S. dollar index is a bit weaker and crude oil prices are up, but well down from their daily highs. There also remains a bit of safe-haven demand for the precious metal as there is still some uncertainty and anxiety in the marketplace," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,773.70 to a high of $1,795.70. They shed 0.5% on Tuesday, ending November with a 0.4% loss and also registering the lowest settlement since Nov. 3.

Silver for March delivery fell 47.6 cents, or 2.1%, to settle at $22.339 an ounce. The settlement was the lowest since Sept. 30 when silver closed at $22.047 an ounce. Silver futures traded between $22.32 and $23.06. They declined 0.2% on Tuesday, ending November with a drop of 4.7%.

In PGM futures prices on Wednesday:

  • January platinum added $7.90, or 0.9%, to $935.20 an ounce, ranging from $925 to $953.50.

  • Palladium for March delivery jumped $48, or 2.8%, to $1,753.50 an ounce, trading between $1,725.50 and $1,783.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales increased Wednesday by 2,000 ounces in American Gold Eagles and 1,000 ounces in American Gold Buffalos.

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)
Wednesday Last Week This Week September October November 2021 Sales
$50 American Eagle 1 Oz Gold Coin 2,000 24,000 21,500 67,500 135,500 116,500 1,067,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 4,000 7,000 6,000 94,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 2,000 8,000 22,000 10,000 160,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 5,000 35,000 85,000 40,000 490,000
$50 American Buffalo 1 Oz Gold Coin 1,000 8,500 5,500 24,000 41,000 39,500 341,000
$1 American Eagle 1 Oz Silver Coin 0 0 448,000 2,735,000 1,076,000 1,447,000 28,198,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 0 75,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 8,700 8,700
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 0 52,900

 

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chuck

Not unless you are one of the 18.

Rich

Sir Kaiser, here is a candidate real-life artistic infusion idea for the American Liberty Coin Program with the theme “Liberty Repels Ninja Prairie Dog.” Should I submit this proposal to the United States Mint Artistic Infusion Program (AIP)? Maybe I could use SENZA as a reference?

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