Precious Metals Steady on Wednesday, Nov. 16

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Precious metals hardly changed Wednesday as both gains and losses among them were less than a half percent for all but platinum, which slipped 0.6%.

Gold for December shed $1, or 0.06%, to settle at $1,775.80 an ounce on the Comex division of the New York Mercantile Exchange.

Gold futures traded between $1,773.40 and $1,788.20. They dipped 0.01% on Tuesday and they rose 0.4% on Monday, for their highest finish since Aug. 16.

Silver for December delivery rose less than a cent, or 0.03%, to settle at $21.524 an ounce. Silver futures traded between $21.45 and $22.16. They dropped 2.7% on Tuesday and they gained 2.1% on Monday, for their best settlement since June. 2.

In PGM futures on Wednesday:

  • January platinum declined $6.20 to $1,016.20 an ounce, ranging from $1,011.50 to $1,034.40.

  • Palladium for December delivery added $3, or 0.1%, to $2,081.30 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)
Wednesday / 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

At least metals are up.

Kaiser Wilhelm

And now in the A.M. they’re on their way back down again. Not too steady as she goes.