Gold Bounces from 3-Week Low on Thursday, Nov. 9


In prices of precious metals on Thursday, platinum and palladium extended their losing streaks to four in a row, silver climbed for a second day, and gold bounced after reaching a three-week low.

Gold for December delivery rose by $12, or 0.6%, to settle at $1,969.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Today’s gold move is just a dollar story and there is also a technical rebound as we sold-off quite aggressively," Reuters quoted Bart Melek, head of commodity strategies at TD Securities.

Gold futures traded between $1,948.30 and $1,971.50. They lost 0.8% on Wednesday, registering their weakest settlement since Oct. 17, they fell by 0.8% on Tuesday, and they declined by 0.5% on Monday.

Meanwhile, silver for December tacked on 17.7 cents, or 0.8%, ending at $22.905 an ounce. Silver futures ranged from $22.41 and $23.07. They gained 0.6% on Wednesday, they dropped by 2.8% on Tuesday, marking their lowest finish since Oct. 12, and they slipped by 0.2% on Monday.

In other precious metals prices on Thursday:

  • January platinum fell by $8.70, or 1%, to $862.80 an ounce, trading between $859.60 and $878.

  • Palladium for December delivery tumbled by $51.30, or 4.8%, to $1,009.10 an ounce, with prices on the day ranging from $993.50 to $1,059.

US Mint Bullion Sales in 2023

U.S. Mint bullion sales last changed on Tuesday, and those gains were the first for this month. Advances included 8,500 ounces in American Gold Eagles, 356,000 ounces in American Silver Eagles, and 3,500 ounces in American Gold Buffalos.

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)
Thursday Last Week August September October This Week / November 2023 Sales
$50 American Eagle 1 Oz Gold Coin 0 4,000 78,000 27,500 97,000 7,000 876,000
$25 American Eagle 1/2 Oz Gold Coin 0 3,000 2,000 13,000 7,000 1,000 96,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 2,000 30,000 18,000 4,000 186,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 150,000 40,000 30,000 0 605,000
$50 American Buffalo 1 Oz Gold Coin 0 3,000 19,500 18,500 36,500 3,500 371,000
$1 American Eagle 1 Oz Silver Coin 0 632,000 3,124,000 2,970,000 3,938,000 356,000 22,203,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 0 12,700


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Dazed and Coinfused

Speaking of bounced. Seems like Jeff got Keiser to leave. Great job buddy.


Dazed and Coinfused, by chance did Kaiser Wilhelm give a clue, per se that he was leaving? Nothing against anyone here, however he was one of the main reasons I visited and commented. Was there an exchange between he and Jeff? Jeff’s name being involved doesn’t seem to be a stretch for some reason? I noticed that Kaiser’s comments have been deleted and once they are gone as Kaiser Wilhelm noted previously, “they are gone”. Thant is beyond a shame and I’ll probably follow suit, as the back and forth with Jeff, really isn’t a good time. Kaiser Wilhelm, if… Read more »



Kaiser has ‘disappeared’ from time to time on this site so I wouldn’t push the panic button just yet. Let’s just hope he isn’t having any health issues or is just frustrated by the high prices the mint is charging for their products. Like Kaiser, I find it hard to get excited about any coin/set that is minted in high numbers and priced ‘to the moon, Alice’.

Jeff Legan

Thank you for the support, CaliSkier. I think less of you after this. Kaiser Wilhelm certainly could have left due to the conflict, but to say I alone was the reason sounds like a stretch to me.
You actually believe what Dark and Confused says? He wouldn’t know what the truth was if it told him the truth itself.
I hope Kaiser Wilhelm comes back soon so we can find out from the one person that knows, and that is not Dark and Confused.

Jeff Legan

Sure about that Dark and Confused? As sure as all the other BS you spout?