Gold Prices Add 0.2%, One Bullion American Eagle Coin Rises

by Bullion Prices Staff on November 15, 2011

U.S. gold prices rebounded ever-so-slightly Tuesday, despite a stronger U.S. dollar. December gold futures added $3.80, or 0.2%, to $1,782.20 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices hit an intraday low of $1,760.90 an ounce and reached a high of $1,787.80 an ounce.

"We do see very active physical and safe-haven buying on dips. Even though we do see pressure from a stronger dollar, dips are seen as buying opportunity and key support levels have held," said David Meger, director of metals trading of futures broker Vision Financial Markets, according to Reuters.

Silver easily led precious metals in percentage gains. December silver futures prices added 43.2 cents, or 1.3%, to $34.46 an ounce.

In New York PGM futures prices, December palladium futures added $2.75, or 0.4%, to $667.05 an ounce while January platinum futures declined $1.40, or 0.1%, to $1,642.70 an ounce.

United States Mint Bullion Coins

The United States Mint published a rather modest increase in sales of its bullion coins. Actually, only one had its numbers increased. The 1/10 oz. American Gold Eagle added 5,000 to sit at 360,000 for the year. The pick-up was the coin’s first of the month.

The Mint’s 1 oz. American Eagle bullion coins did on the previous day. In fact, the American Gold Eagle matched its entire gain from last week at 3,000 and the American Silver Eagle climbed 253,000 which was 63,000 higher than its sales from all of last week.

In other United States Mint related news, check out the latest Anniversary American Silver Eagle prices.

The latest United States figures are provided below in the daily, November 2011 and YTD 2011 columns.

United States Mint 2011 Bullion Coin Sales
  Tuesday Gains November 2011 2011 Totals
1 oz American Gold Eagles 0 11,500 817,500
1/2 oz American Gold Eagles 0 0 65,000
1/4 oz American Gold Eagles 0 2,000 80,000
1/10 oz American Gold Eagles 5,000 5,000 360,000
1 oz American Gold Buffalo 0 1,500 146,500
5 oz America the Beautiful Silver not reported 393,300
1 oz American Silver Eagle 0 819,000 37,294,500


Notes. Figures above are in coins, not ounces sold.

London Bullion Prices

London bullion prices were mixed like futures in New York. From Monday PM to Tuesday PM fixings:

  • Gold prices added $9, or 0.5%, to $1,785 an ounce,
  • Silver declined 36 cents, or 1%, to $34.02 an ounce,
  • Palladium added $1, or 0.2%, to $661 an ounce, and
  • Platinum declined $17, or 1%, to $1,629 an ounce

Check this site’s┬áhome page for current metal prices.

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