Gold Falls a Dime on Tuesday, Nov. 15

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In precious metals Tuesday, prices climbed sharply for palladium while they fell solidly for silver and platinum. Gold, meanwhile, was little changed.

Gold for December edged down 10 cents, or 0.01%, to settle at $1,776.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Bulls still have some momentum and are working on a fledgling price uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at the November low of $1,618.30," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,770.20 and $1,791.80. They rose 0.4% on Monday, for their highest finish since Aug. 16.

Silver for December delivery dropped 59.5 cents, or 2.7%, to settle at $21.518 an ounce. Silver futures traded between $21.45 and $22.38. They gained 2.1% on Monday, for their best settlement since June. 2.

In other precious metals prices on Tuesday:

  • January platinum fell $10.60, or 1%, to $1,022.40 an ounce, ranging from $1,017 to $1,051.50.

  • Palladium for December delivery advanced $38.30, or 1.9%, to $2,078.30 an ounce, trading between $2,018 and $2,113.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales have been unchanged for the month so far. 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 / November June July August September October 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 31,000 59,500 47,500 47,500 59,500 840,000
$25 American Eagle 1/2 Oz Gold Coin 0 6,000 5,000 2,000 0 2,000 75,000
$10 American Eagle 1/4 Oz Gold Coin 0 18,000 2,000 4,000 4,000 2,000 140,000
$5 American Eagle 1/10 Oz Gold Coin 0 135,000 20,000 20,000 15,000 15,000 575,000
$50 American Buffalo 1 Oz Gold Coin 0 21,500 39,500 22,500 44,500 39,500 405,500
$1 American Eagle 1 Oz Silver Coin 0 925,000 850,000 850,000 833,000 1,258,000 14,497,500
$100 American Eagle 1 Oz Platinum Coin 0 23,500 15,500 1,000 0 0 80,000
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Antonio

Not much change. I guess the nay sayers will have to wait for another day.

Rich

Antonio, this 600-year-old English coin hit my eye like a big pizza pie.

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