On Friday, prices for precious metals took divergent paths, with gold and palladium showing gains, while silver and platinum experienced declines. For the week, only palladium exhibited a decline, and it was a minor one. Weekly gains in gold and silver marked their second consecutive rise, following a series of multiple weekly losses.
Gold for December delivery edged up by $1.20, or 0.06%, to settle at $1,967.10 an ounce on the Comex division of the New York Mercantile Exchange.
This week, gold prices registered a gain of 1.4% following an increase of 1.2% last week. Preceding this positive momentum, there had been a stretch of four weeks with losses totaling 2.6%. Looking at the year-to-date performance, the value of the yellow metal has risen by 7.7%.
Gazing to the week ahead, Kitco News offers the following forecasts via their Wall Street vs. Main Street surveys:
"This week, 11 Wall Street analysts participated in the Kitco News Gold Survey. Seven experts, or 64%, expected to see higher gold prices next week, while three analysts, or 27%, predicted a drop in price. Only one analyst, or 9%, was neutral on gold for the coming week.
Meanwhile, 534 votes were cast in online polls. Of these, 360 respondents, or 67%, looked for gold to rise next week. Another 101, or 19%, expected it would be lower, while 73 voters, or 14%, were neutral in the near term."
Experiencing its second consecutive decline, silver for December delivery retreated by 25 cents, or 1%, reaching a closing price of $24.562 an ounce. During Wednesday’s trading, silver achieved a notable settlement at $25.104 per ounce, which was its highest point since July 19.
Silver prices recorded a 1.4% weekly increase after surging 6.6% the previous week. Prior to that, they had experienced a five-week streak of losses amounting to $2.46, or 9.8%. Year to date, silver prices have risen by 2.2%.
In other precious metals, both on Friday and for the week:
-
October platinum shed $5.70, or 0.6%, to end at $968.70 an ounce, resulting in a weekly gain of 2.2%.
- Palladium for December delivery rose by $8.70, or 0.7%, to finish at $1,227.40 an ounce, reducing its weekly loss to just $1.70, or 0.1%.
Reviewing their performance since the beginning of the year, platinum has declined by 10.6%, whereas palladium has fallen by 31.7%.
US Mint Bullion Sales in 2023
Published U.S. Mint bullion sales were unchanged on Tuesday, Wednesday, Thursday, and Friday. On Monday, the U.S. Mint reported bullion sales gains of 79,500 ounces in American Gold Eagles and 603,000 ounces in American Silver Eagles.
The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold (not total ounces) during different time periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Friday | Last Week | This Week | June | July | August | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 36,500 | 19,500 | 35,000 | 41,000 | 72,000 | 738,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 1,000 | 0 | 2,000 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 4,000 | 0 | 2,000 | 134,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 60,000 | 60,000 | 0 | 120,000 | 505,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 8,000 | 0 | 17,000 | 16,500 | 19,500 | 312,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 756,000 | 603,000 | 1,482,000 | 209,100,000 | 2,942,000 | 14,757,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 3,500 | 0 | 0 | 12,700 |
CoinNews will take a one-week break from publishing precious metals pricing articles.
Major D,
Barbados also issued some spherical colorized coins…next I expect they will issue a 2-coin “blue balls” testicles coin set!
NumisdudeTX
Kaiser, you know how to sling ’em.
I’d offer you a drink but I think we’re quite far from each other. Drinks for everyone!
In a purple crown royal bag, as what better way to carry the family jewels
I have to say, you three making subtle references about how ‘aroused’ you get, talking about coins, is a bit disturbing to me. Maybe you could all just get a room? Just saying! I did hear some good news yesterday though. Biden informed us that his ‘bidenomics’ is working again. He said that ‘the unemployment rate has been below 14% for the last 19 consecutive months’! That’s right, he said through his rigorous work schedule (while lounging at the beach) he’s kept the unemployment rate below 14% for 19 months! Keep that streak going Joe!
Craig, Surely you jest!!?? But, a Numismatic orgasm is possible the experts say…Not that there is anything wrong with that!…LOL. And we all know the unemployment rate is about 3.8%, & the year so far inflation rate is about 3.3%. And, according to Forbes magazine and professional golfing sources who tracked it, President Trump spent about 285 days of his 4-year presidency golfing at a taxpayer expense of about $144 million for travel, lodging, food (McDonald’s, KFC: his favorites), security etc. But, at least he got his officially obese ass some exercise riding around in golf carts at his private… Read more »
Seth, We may know what the real unemployment rate is, but why doesn’t Biden? I’m wondering what the odds are of Biden doing a presidential debate this year against the republican nominee, which will probably be Trump. I’ll bet there are numerous dems just having fits over that prospective. Say what you want about Trump, but at least I never saw him fall out of a golf cart. As an avid long distance biker, I am embarrassed by Bidens ability on a bike.
Craig, Why don’t you just long distance bike to the White House & tell Biden that! Lol. The White House still has free public tours. But, you probably couldn’t get near Trump’s private country club/home Mar-a-Lago, especially since he raised the membership fee from $50,000 per person to $100,000 per person as soon as he became president… Anyway, I still find it funny that Trump doesn’t think the 2016 election was rigged, because he won, but thinks the 2020 election was rigged because he lost! Lol. Also, Hillary Clinton got more than 3 million votes more nationwide among all voters… Read more »
Trumps palace would be closer for me to bike to rather than the White House, it would also be a much more pleasant ride. Plus, I’d have to bike through the ghetto that is Wash. D. C.and that’s something I would do only if I had an AK-47 strapped to my back. A well off white man biking through despondent black neighbourhoods isn’t something that I dream about. I can only imagine the odor emanating from those areas! Why do you say I couldn’t get near Mar-a-lago? I’ve made more than $100k in just one of my stock holdings this… Read more »
Craig, You can’t be as mean as you seem I hope. And, according to the top expert & book author on German coinage patterns, I have the third top collection of coinage patterns in the world. Two of them are in platinum, both from 1925 from the Munich, Germany Mint (D Mint mark) – the 5- mark piece is one of only two known in platinum & the 3-mark piece is one of only 3 known in platinum. I bought them at a major Beverly Hills coin company auction house (Superior Coin Gallery) in the late 80s that handled the… Read more »
Seth, No, I don’t consider myself to be mean at all. I was just wondering why you’d make such a ludicrous statement about giving all your valuable coins, which I do hope you possess, to a politician. I recognise we are of differing views on certain topics and I can be blatantly honest on mine at times, but I do prefer to keep things civil and urbane. Mostly. And Seth, I have never stated, nor would I, how much money I’m worth, I’m always bewildered as to why people think I’m in Warren Buffets league. Lol. The only people that… Read more »
“No, I don’t consider myself to be mean at all.“—Keep thinking about it. Maybe it will come to you. “I recognise we are of differing views on certain topics“—Really? You? You are so shy about sharing your partisan political views on this coin site that we had no idea. “Besides, do you believe everything you read? I don’t,..“— It appears you do, Craig. It appears you do… “but I do prefer to keep things civil and urbane.“—Yeah? And where can we see that version of you? Not here so far. 12 days straight and counting of partisan political comments. On… Read more »
Troll Alert. Feed at your own risk.
How about also, Trump getting arthritis?
Kaiser,
That’s the reason Trump’s older sister, a retired Federal judge, hasn’t spoken to him in many years & why his niece, Ph.D. Psychologist Mary Trump has also not spoken to him in many years…they know his true colors from inside the family from early on.
NumisdudeTX
Patreus, a 4 star General and Obama appointed, also did not vote for trump I’m sure. Just because you are family doesn’t mean you get along. Lisa Marie wasn’t even cold yet before Priscilla jumped in trying to overwrite her will. Many families crumble after deaths or over money. Heck even biden fought to not pay child support for his kid while also fighting to prevent child from having his last name and grandpa Joe didn’t claim her for a long time, till the polls told him to throw in the towel, it’s bad for optics.
Hello Dazed and Coinfused. I see you survived the hurricane. Glad you are all right. Hopefully you just lost power for all this time and not more.
Usually the only families I see fighting over money do so because at least one of the members is not exactly a shining example of humanity. Of personally observed families I know around me, I saw many more not fighting over money than fighting over it, and I could have predicted with 90% certainty the ones that would have and did based on their character.
And still he has many supporters. Go figure.
Just what this country needs, someone who immigrated here who wants to change the Constitution. I’ll take the wisdom of our founding fathers any day over yours Kaiser! You have the option of going back to wherever it is you came from if living under the constitution is so unbearable. You are almost certainly a democrat, and the only thing I’ll say is you don’t think the game is already tilted (rigged) in the democrats favour? As an Independent, I’m usually surprised if a republican wins. We don’t just need zero population growth, we need negative population growth, especially in… Read more »
“Just what this country needs, someone who immigrated here who wants to change the Constitution.“– Any one who is a member of the House of Representatives or the Senate can propose an Amendment to the Constitution, Craig. There are immigrants on those bodies today, and there have been since 1789. –From The Pew Research Center—“Under the U.S. Constitution, an immigrant taking office in the House must be a U.S. citizen for seven years or more, age 25 or older and living in the state where they are elected. Nine years of citizenship are required to serve in the Senate, and the… Read more »
Yeah Kaiser Wilhelm,
That post was the final straw. That was the first thing that came to my mind about immigrants too. Craig is happily wallowing in his hate and ignorance like an obliviously happy pig would in a mud hole.
You know you have crossed a line when Kaiser Wilhelm unloads on you here. I haven’t seen that happen for 3 years now. You do have a talent for it. I really loved your “The full Craig effect” insult. Gave me a good laugh!
Technically even the native Americans are immigrants. Remember we started in Africa. (New discovery is moving that to Europe and down to just 1360 or so breeding humans and waiting further research to verify, as it should be). Recall they crossed a land bridge. So since the time of man, we have destroyed the food, forced to move, unable to work with each other (alliance and coalitions and lines redrawn countless times) and since pyramids gone from wonderful creations to absolute destruction and annihilation. We don’t need families with 8 kids anymore. To take on chores because we were much… Read more »
“Technically even the native Americans are immigrants.“—True. But as far we know, they found a land empty of people so they didn’t “take” it from anyone. Since owning land is another man made concept, they would have to have been considered the original “owners” here. “We don’t need families with 8 kids anymore.“–I agree. So you are for birth control and are pro-choice on abortion? “Isn’t it funny google used 20% more freshwater just to cool their computers to teach AI“–They are starting to recycle and treat the water they need so they (and other big water users) should start… Read more »
Kaiser,
My high school senior class U.S. Government teacher told us the Electoral College we have in the USA means we do not have a 100% direct Democracy – one vote, one person. It’s basically one vote per state when it comes down to it.
It needs to be abolished, I agree wholeheartedly.
NumisdudeTX
Seth and Kaiser Wilhelm,
I agree about the Electoral College. Seems to be manipulatable. Too much decision power in too few hands. I also think we need a revamp of the House of Representatives at the State and Federal level. I do not think either has been as representative in practice as it was meant to be originally. I think I have a good idea for the State level revamp, but nothing workable at the Federal level so far.
I do recall they feared an uneducated mob electing someone unsuitable for the job so that was supposed to be a check on that outcome, and we still have that education issue today. I would really like to get rid of it, but I am not sure we are ready yet. Look at Craig and his poor “DD” regarding the Constitution on this very thread. We were making great progress on educating the whole population on the same standard since the country was founded, but for a while now there have been elements trying to divert Federal education tax dollars… Read more »
Removing electoral college would be the equivalent of Brexit. States won’t want to give up their gerrymandering districts. Doubt their state senate and house could agree on how to change laws, where to vote, etc. Recalls the years 1776 to 1788 when just 13 colonies couldn’t iron out details, imagine 50 states, plus several territories. No way to tell if they should run or not in an area. Politicians won’t risk losing job. Plenty of districts have people running unopposed. But then again, we have half the country saying Feinstein should be able to end her term, despite having a… Read more »
Yep, the people would have to force change. I would prefer no Biden next time, no Trump ever, and McConnell and Feinstein or anyone else that decrepit retiring sooner rather than later. Covered in another comment somewhere below on this very thread.
Kaiser, So true…and gerrymandering Congressional districts should be outlawed too…maybe go by something that wasn’t & isn’t political – USPS Zip Codes that were & are assigned by physical street locations & not by the politics of the home occupants or business occupants in a particular Zip Code per se. Funny, when I was a freshman in college I thought Political Science was more science than games, but I learned fast from my main P.S. Professor that it is really more games than science. Our country seems to be too big, too wealthy & too powerful to change such ensconced… Read more »
I was thinking at the state level, maybe just use the already existing county lines or county line equivalents. Those have been quite static for a long time in my state. Maybe one representative per county or equivalent. The representative could possibly get multiple votes for a higher population. I am not sure yet if it would be better to have more representatives with one vote each or one with multiple votes, but I think one would be better because everyone would know who is doing good or bad for an entire area and the representatives’ vote would not be… Read more »
Don’t worry. With bidenomics we’ll all be poor again soon. The rich will take private plane, private yacht and move to private island or other country they can build and exploit. And the 99% left to fight each other. If we band together long enough to fight off other militaries wanting our resources it’ll be a miracle. Ok, so movie history shows the rich and powerful will hide in a mountain, lock us out and we’ll have no choice but to fight for them. But as fast as they throw each other under the bus, imagine what lengths they’ll go… Read more »
I disagree. I think the wealthy will be a bit poorer but everyone else will gain (I think the wealthy will still be all right even so). Time will tell won’t it? It is a little early to pass judgement yet, don’t you think? Like all the comments here shortly after Russia invaded Ukraine saying how Ukraine was losing or already lost. I had to ask “Larry” if he would have said the same about the Allies chances in early WW2 shortly after Pearl Harbor.
Ah yes. Ditch the electoral and go to the popularity contest. Reminds me of high school when the student class president was the pretty girl with the low GPA. Or the homecoming king and queen was always the football player and cheerleader. Neither of which ever decorated the floats, hung decorations for the dance or fund raised. We’ll maybe til the 90s when mean girls were popular and the ugly Betty won as a prize from a cruel joke. Although Carrie could be ahead of her time. But I can see where the farmers can totally support a president elected… Read more »
Dazed and Coinfused, I said this in my earlier comment above about the Electoral College to Kaiser Wilhelm above—“I do recall they feared an uneducated mob electing someone unsuitable for the job so that was supposed to be a check on that outcome, and we still have that education issue today. I would really like to get rid of it, but I am not sure we are ready yet.” Did you miss that part? You somewhat wasted your time here (and ours), he already was told basically the same message. “But I can see where the farmers can totally support… Read more »
Perhaps the problem isn’t Biden, but that the only 2 choices last time were old men with declining abilities. Trump proudly showed off his mug shot on Xitter recently with a slogan saying “Never Surrender” (an ex-President proudly showing off his mugshot. Let that sink in for a moment). Did they wrestle him to the ground and force him to take the mugshot? How come his hair wasn’t messed up? Or did he “surrender” to the authorities? Doh! Does that contradiction show someone operating with a sharp mind to you? Biden’s statement was still true at least. The unemployment rate… Read more »
under the word ‘sycophant’ you’ll find this idiots image! Lol
You know how to use a dictionary? You don’t know jack about “DD”. Crawl back under the bridge you came from, Troll.
Craig,
All Trump had is sycophants working for him…he expects 100 % loyalty from those around him, but doesn’t loyalty to anyone, including his 3 wives he cheated on. Notice, even his family members have not been around him in public at all this year, after 4 felony arrests! Trump’s Orthodox Jewish son in law & his gold digger daughter, feckless Ivanka who converted from Christianity to Orthodox Judaism for Jared Kushner’s to get to his & his family’s money, are suddenly hiding from Trump… Lol.
NumisdudeTX
How about “I did not have sex with that woman?” Oh wait, that was another former president.
Antonio,
But that was a consensual relationship between two adults, Bill & Monica, and she started it…she said it herself in her HBO special.
NumisdudeTX
But the people claim she was taken advantage of and groomed. That bill used position of power to either force her, or pressure her. With rumors of everyone that goes against the Clinton family end up with fates similar to Putin’s detractors I bet she said it was consensual. No. Could not have been a groomer or influencer, no such thing as those. Besides he was in a blue dress in a painting on Epstein’s wall. Can’t imagine a guy like epstein hanging a portrait of someone that completely goes against his brand. Trump was there too remember, no pics… Read more »
She says that herself now, with the wisdom that comes of age. Also, I remember those days. “That is just the way it is” and “There is no way to change it”. “It’s always been done that way”. “The wealthy and powerful can always do what they want”. But people are starting to realize “It’s always been done that way” doesn’t mean we have to keep doing it that way. “With rumors of everyone that goes against the Clinton family end up with fates similar to Putin’s detractors“–If that was true, I imagine there would no Republicans in America today… Read more »
Kaiser,
Wasn’t Clinton with a porn star also?
Kaiser,
Yep! And the Sex Pistols band too. And don’t forget the “Coins & Coitus” numismatic seminar – everyone who is anyone is coming…such a popular event…
NumisdudeTX
Come when I come or come when I get back.
Ahh the good Ole days when camel toe and moose knuckles were also rolls of quarters. So in that sense a numismatic orgasm is possible for those into women.
Next up, since trump did such a bad job it stands to reason that the more he golfed the less damage he could do, so I can’t tell if you’re happy or disappointed in his time on the greens.
Inaction can do as much as damage as bad actions. Neither is preferable to the other.
I get aroused by coins, but only if they’ll be worth something in the future. The 1916-1917 Variety 1 Standing Liberty Quarter fits the definition.
Antonio, I may get excited about a special coin or set, but it’s not ‘a physical thing’ as the great Olivia Newton John once sang. Do you own that Var 1 Standing Liberty Quarter? I bought the 2016 99.99% Gold Standing Liberty Quarter partly because I never collected one, as a child, without most of the details worn away. I’ll never sell that coin and only wished the Mint pressed them in silver as well. I’m happy they decided to mint the Morgans/Peace Dollars again so maybe they might do some of the other ‘classics’ as well! Speaking of classics,… Read more »
I wonder why Jimmy buffett didn’t live in California. Seems a better fit.
But maybe we’ll get a commemorative pop top coin in a clamshell case that has a small flip flop to hold the coin.
Maybe Brittany spears will get a new tattoo. Oops too late, she did it again.
Well, Miley Cyrus got one, so what the heck.
I do and I’m quite happy with it. Now all I need to do is find a nice D and S to complete the year. I also get aroused by a beautiful cameo proof coin, metal not an issue. I really like the Lady in the Clouds Austrian 100 Corona from 1908. Beautiful coin. I suppose when you’re an emperor and you’ve been for 60 years, you get a coin commemorating you like that.
Pink floyd was a profit
AU out there in the cold feeling lonely feeling old, can you help me
Lol. I haven’t even been on in 9 days and yet somehow I’m still in the conversation. And what is even more funny is the insults are gay references, so the takeaway is, the only insult is to compare me to gay people (Seth, i think they are saying that the assumed racist not see bigot, I’m sure i missed some titles, is so bad that they compare me to being gay, so…. welcome to club not see brother). So evolved. The irony is astounding. Or is hippocrisy the word I’m looking for. So since I obviously missed a lot.… Read more »
“Lol. I haven’t even been on in 9 days and yet somehow I’m still in the conversation.“–Other than me, (and your sidekick Craig) you have only been mentioned in passing by Kaiser Wilhelm on this thread. One could be considered complimentary, one was not. Two mentions. This is what set you off?—“D&C’s buttboy“–Hahahahaha. You, the guy who makes sure to offend someone every time you open your mouth got so “offended” you launched this huge rant? Hahahahahahaha. I am pretty sure most would like to forget you if you would let them. Craig is your most vocal fan, though I… Read more »
Yeah, I have been mentioning that a few times to KKKraig already near the bottom of some of my recent replies to him. He probably never read that far down. Haven’t mentioned it as often to his Superhero, though I believe I have mentioned it at least once.
Down on September 5th. Oil prices are up though. Sounds greasy to me.