Precious metals started the new trading week on Monday with gains ranging from 0.2% for gold to 2.3% for palladium.
Gold for December delivery climbed by $4.50 to settle at $1,947.20 an ounce on the Comex division of the New York Mercantile Exchange.
"A solidly lower U.S. dollar index is a supportive outside market element for the metals on this day. Short covering in the gold and silver futures markets is also featured ahead of a key U.S. inflation report on Wednesday," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
On the day, gold futures traded between $1,939.50 and $1,954.60, after falling last week by 1.2%.
Silver for December delivery tacked on 20.9 cents, or 0.9%, ending at a price of $23.383 an ounce. Silver futures ranged from $23.18 and $23.52. They sank by 5.7% last week.
In other precious metals on Monday:
-
October platinum added $7.50, or 0.8%, to $902.30 an ounce, trading between $894.80 and $908.90.
- Palladium for December delivery jumped by $26.90 to $1,219.20 an ounce, ranging from $1,195.50 to $1,226.
Last week, platinum plunged by 7.6% and palladium fell by 2.9%.
US Mint Bullion Sales in 2023
On Monday, published U.S. Mint bullion sales were unchanged. 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) | ||||||
|---|---|---|---|---|---|---|
| Monday | Last Week | July | August | September | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 3,500 | 41,000 | 78,000 | 3,500 | 748,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 75,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 2,000 | 0 | 134,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 20,000 | 0 | 150,000 | 20,000 | 555,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 14,000 | 16,500 | 19,500 | 14,000 | 326,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 717,000 | 209,100,000 | 3,124,000 | 717,000 | 15,656,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 12,700 |
What could be a better way to bring our nation together again than for all of us to think back on September 11, 2001, and to how we were all united as one then?
Reminds me of a line from Harry Nilsson’s ‘The Puppy Song’ which is ‘Dreams are nothing more than wishes and a wish is just a dream wish to come true’. Let’s just hope we don’t experience another 9/11 but with open borders now the norm, well my eyes are always alert.
Hey, do you know what the Mint will be charging for the RP Morgan/Peace Set? I thought they had it priced at $170 or $180, but see it’s now TBD. Please don’t tell me we’re in for another Fall surprise! And Major, you’re right that someone with a bit of daring could easily cross into our country from a variety of locations, but as it stands now, we have escorts at the border waiting to service all, so to speak. Come on in, man! Nilsson sure did have a wonderful musical voice and I always enjoy his music. Shame he… Read more »
Major D and Craig,
I think all three of us would be well-advised to put on our form-fitting football headgear pronto prior to getting slammed with a hard “What does any of this have to do with coins?” tackle.
You’ve got to admit thought that it’s a bit funny that the Jets ‘invested’ millions in Rodgers for a total of 4 plays. Talk about overhype! I’m going to go over to eBay and see if I can’t find a Jets jersey with Rodgers on it on the cheap. I’ll bet there will be a ton of them, barely worn, available now. I think Allen should be doing commercials for garbage companies or recycling plants. You know, things that one ‘throws away’, like his excessive interceptions. Amazing these guys get paid so much. I hope you’re right about the pricing… Read more »
Major D & Craig, The Mint originally said the RP Morgan/Peace silver dollars set would be priced at $175 & then they changed their mind & said it would be $185. And, now they have placed a question mark per se on the price of that set as TBD, which to me means they will probably go higher on the price, although silver is down quite a bit since they first said it would be $175. You just never know with the U.S. Mint when it comes to final price till the day of issue since they have disclaimers on… Read more »
Craig, Not to worry and no cause for alarm. It seems all of our terrorists these days are either home-grown right-wing true believers (a la Capitol Insurrection types) intent on overthrowing our nation as we know and love it or they are the typical Middle Eastern fanatical Islamist zealots who fly into the USA via first class from Saudi Arabia to do their dirty work here. I honestly can’t say I remember a single instance of a Rio Grande-crossing immigrant committing any one of a continuing series of horrific mass shootings (the domain of “quiet” Christian white boys) or blowing… Read more »
‘Dreams are nothing more than wishes and a wish is just a dream wish to come true’.
The Old Hat is dead. Long live the New Hat!
Major D,
Translates as, you’re absolutely right, Major D.
Sorry about the digression which led to a transgression!
C’mon Man, shouldn’t you be pulling a RED FLAG on Kaiser?
“ Let’s just hope we don’t experience another 9/11 but with open borders now the norm, well my eyes are always alert.“—More false wisdom from the witless. Your “eyes” might be “alert” but without a functioning brain behind them, they “see” nothing. The borders are not open. First restrictions occurred in 1921. The 1986 immigration act during Reagans term appears to be the root of the system we rely on today. All the constant Right Wing talk of open borders is making illegal immigrants believe we really do have open borders. Are you trying to create a self fulfilling prophecy? See… Read more »
I think the ‘only one’ who bothers reading your nonsense is Kaiser. Might I suggest you two get a room somewhere and hey, invite Adam Kinzinger and Liz Cheney and have a blast! Think about all the lies and distortions about Donald you four could come up with. Well, you might need some outside help when I think about it. At least you’re spending your valuable time writing essays and undoubtedly using ‘google’ extensively. Am I right? It’s a damned shame your solutions and conclusions are all incorrect, but I wouldn’t expect any less from a ‘liberal loon”.
Have you been looking into your mirror for too long, again? Lol
Major D,
Thank you for being someone who is willing to value the welfare of our nation and its people over the egregiously divisive personality cult of Donald Trump.
I’m not going to say anything about that! Lol
Major D, I’m humble to a degree, Lol, but I have to say I told you so early on when I saw the 400,000 mintage number for the Proof versions on these…but to be fair, nobody knew for sure of course. BTW: Former long-time radio & tv talk show host Wendy Williams once said she would literally eat crow live on air on her tv talk show in NYCity if something didn’t turn out as she claimed it would…and she lost that bet, & did actually find a chef to cook a crow (which I didn’t even know could be… Read more »