Coin News

Bullion & Business Weekend Report - Nov. 7

CoinNews.net — Sat, 07 Nov 2009 16:53:20 +0000

Precious metals rallied this week following a weaker US dollar that was pushed lower by a series of economic reports, including the Labor Department’s higher than expected unemployment figures of 10.2 percent — a more than 26-year high. Gold reached an all-time high and silver soared. Crude oil tumbled on Friday by nearly 3 percent but still managed to post a small weekly gain. In stocks for the week, European indexes were higher and the three major US indexes advanced more than 3 percent.

In London bullion weekly figures, gold jumped 5.5 percent, silver surged 5.8 percent and platinum rose 2.0 percent. Friday precious metals prices follow:

London silver closed to $17.53 an ounce, rising 95 cents from last Friday’s close. New York December silver futures ended at $17.375 for a weekly increase of $1.12.

London gold was fixed at $1,096.75 an ounce and rose $56.75 this week. New York gold for December delivery finished at $1,095.70 for a weekly advance of $55.30.

London platinum ended at $1,347.00 an ounce, climbing $27.00 since last Friday’s close. New York platinum for January delivery ended at $1,348.20, gaining $21.90 on the week.

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Coin Chat Radio: CCAC Member Interview, Krause 2010 Shows

Darrin Lee Unser — Sat, 07 Nov 2009 01:22:08 +0000

‘What’s In the News’ with Bob Van Ryzin starts off this week’s episode of Coin Chat Radio with information on the upcoming Lincoln Presidency Cent release from the US Mint. Details about the ceremony, to be held in Washington D.C. on the U.S. Capitol grounds, are given along with the locations of the two additional penny exchanges being offered by the Mint.

Coin design is up next on the program. Numismatic News Editor Dave Harper interviews the newest member of the Citizens Coinage Advisory Committee (CCAC), Michael A. Olson. Olson is a bank president from Pella, Iowa and an active coin collector.

"I started collecting coins back in Waterloo, Iowa as a small boy with the Waterloo Coin Club," replied Olson when he was asked how long he has been a coin collector. "I remember saving my allowance every week. I believe those meetings were once a month and my dad would take me down to the meeting and whatever money I had I spent on coins."

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© Darrin Lee Unser for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Article, Book, Magazine, Video and Site Reviews, Coin or Numismatic News.

British Virgin Islands Coins Commemorate Centenary of Naval Aviation

Pobjoy Mint Ltd. — Fri, 06 Nov 2009 21:24:09 +0000

The Government of the British Virgin Islands has approved the release of a new coin to celebrate the Centenary of Naval Aviation.

CLICK TO ENLARGE: British Virgin Islands 2009 Centenary of Naval Aviation Coin

On 7 May 1909, the Admiralty placed the first order for an aircraft specifically for use in military and naval operations. Little did they know that this single action would ultimately lead to them being one of the key players in the development of military and naval aviation around the world and to the eventual foundation of the Royal Air Force.

Despite initially trying to dissuade officers from following an aviation career, it was soon realised that those that took to the skies in those early days were not only adventurous and brave men but also pioneers in this new form of warfare.

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Gold, Silver, Metal Prices: Commentary - 11/6/2009

Jon Nadler, Kitco Metals Inc. — Fri, 06 Nov 2009 17:43:05 +0000

Class Is Now In Session

Good Day,

Speculation early this morning was that U.S. employers likely have cut only 150,000 jobs in the month of October, a figure which would be the lowest in more than a year. The worst labor-market slump since the 1930s is now seen as possibly bottoming out, and the possibility of future consumer spending is now seen as adding to US and global economic growth.

The actual numbers, however showed a bit of a different reality, as the U.S. economy shed 190,000 jobs last month, lifting the unemployment rate above the 10% mark (to 10.2%) for the first time in 26 years, the Labor Department said. Economists were looking for the unemployment rate to rise to 9.9%

Following yesterday’s brief pause and minuscule retracement, gold prices remained within striking distance of the $1100 level early this morning, as speculative interest was banking on Friday’s US jobs report to yield further fuel for what has now become a routine spec fund-driven play. That is, when/if economic news is good, the dollar sinks and risk appetite reignites on the perception that such good news will drive the Fed to keep handing out essentially free money with which to go out and buy… stuff.

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Lincoln Coin and Chronicles Set Values

Mike Unser — Fri, 06 Nov 2009 07:33:31 +0000

The Lincoln Coin and Chronicles Set was issued by the US Mint on Oct. 15 and 50,000 promptly sold out within 30 hours.

While many collectors on release day experienced anguishing moments due to ordering hiccups at the hands of the Mint, they are smiling more these days.

The Lincoln coins are desirable, the set packaging attractive, and Mint came through with rapid shipping.

Better, and this never hurts, the sets are commanding more than double their $55.95 issue price in the secondary market.

An analysis (see chart below) of over 1,000 eBay auctions from Oct. 14 through Nov. 2 indicate that the quantity of sets sold is increasing, yet their premiums are remaining strong. The continuing demand has been a boon for sellers.

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Gold Rises Slightly, Stocks Rally

CoinNews.net — Thu, 05 Nov 2009 22:50:01 +0000

New York gold futures rose $2 on Thursday to mark a fourth day of gains. The US dollar failed to make serious inroads against other currencies following the Fed’s decision yesterday to keep interest rates unchanged. Silver gained a sliver. Platinum fell. In other markets, crude oil retreated for the first time in four days while US stocks rallied with the Dow moving back above 10,000.

New York precious metal figures follow:

Silver for December delivery gained a half penny to $17.410 an ounce. It ranged from $17.220 to $17.530.
Gold for December delivery advanced 0.2 percent to $1,089.30 an ounce. It ranged from $1,084.30 to $1,095.20.
January platinum fell $6.40, or 0.5 percent, to $1,362.90 an ounce.

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Coin News: Walking Liberty Values, Gold Coin Buys, Counterfeit Penny

CoinNews.net — Thu, 05 Nov 2009 16:22:46 +0000

Several numismatic news or coin blog articles are referenced on CoinNews two separate times a week. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s coin articles:

Still popular in market [Walking Liberty half dollars]
Steve Roach | Coin Values

Walking Liberty half dollars continue to be on collectors’ and dealers’ want lists. If there is a trend, it is that there is strength in just-miss grades, such as About Uncirculated 58, Mint State 62 and MS-64, while MS-65 examples prove a tougher sell in many cases. For rare issues, such as the 1921-S half dollar, finding a fantastic AU-58 even at the Coin Values price of …

Go to story »

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US Mint Sales: Gold Coins Shine, Mint Set Tops 500,000

Mike Unser — Thu, 05 Nov 2009 06:15:03 +0000

The latest batch of US Mint sales figures are out and jumping to the forefront are gold coins — both bullion and collector. The bullion Silver Eagles are moving along as well. The US Mint Set and Proof Set continue with strength, with the former smashing through the 500,000 barrier. These and other highlights follow:

The US Mint news of the week circled around the inaugural Buffalo Gold Proof sales. 19,468 were sold in four days. That was 123 shy of the 2008 Buffalo Proofs. The 2009 bullion versions are on fire as well. They were released on Oct. 15 and are now at 121,000 — 51,000 short from matching the 2008s.
American Silver Eagle bullion coins officially recorded their best October ever, reaching 2,939,000 in the month. The US Mint has yet to report any November numbers, but the final two months of a year are generally very strong for eagles. American Eagle Gold coins finished last month with sales of 115,500, making October the 5th best ever for the series.
UHR $20 Double Eagles recovered from the dip that took weekly sales to their second lowest level ever. 1,045 more were scooped up by collectors, bringing the new total to 102,311.
Three of four Braille Silver Dollar products performed better than the last round. The Braille Education Set, which went on sale Oct. 15, declined slightly with 793 versus the prior 1,004. In related news, the US Mint announced this week that it would stop selling Braille dollars after 5:00 p.m. ET on Dec. 11. For the record, a total of 202,655 of the authorized 400,000 silver dollars have been sold.

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© Mike Unser for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, First Spouse Gold Coins and Medals, Mint Sales Figures, Presidential Dollar, United States Mint News and Information.

2010 Year of the Tiger Silver Coins

Darrin Lee Unser — Thu, 05 Nov 2009 00:11:55 +0000

The Chinese lunar calendar is known to be thousands of years old but they still use it today to mark special events and festivities. In fact, their system is known worldwide along with the twelve animals used to differentiate its cycles.

CLICK TO ENLARGE: 2010 Year of the Tiger Silver Coins: Gemstone, gilded and colorized versions

Said to signify the courage and competitiveness of a natural leader, the tiger is one of those twelve animals and is found on some of the newest releases from The Perth Mint. The 2010 Year of the Tiger Silver Coins feature a variety of options for the collector or gift giver.

Perhaps the most popular in this series will be the colored tiger silver coin. Struck from one ounce of 99.9% pure silver, the 1 dollar face value coin shows a lying tiger that has been colorized to its natural hues. To the left of the tiger is the Chinese character for the animal while underneath is the inscription ‘Year of the Tiger.’ The colored coin is available from the Perth Mint for $68.18 AUS and ships with a presentation case. It is limited to a mintage of 170,000 worldwide.

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Gold Nears $1,100/oz, US Stocks Close Mixed

CoinNews.net — Wed, 04 Nov 2009 23:31:53 +0000

New York gold futures reached a fresh all-time high on Wednesday after the Federal Reserve kept interest rates and its monetary policy unchanged, which helped push the US dollar lower and made the yellow metal more attractive. Silver and platinum followed along, as did crude oil. For a second straight day, US stocks closed mixed.

New York precious metal figures follow:

Silver for December delivery rose 22.5 cents, or 1.3 percent, to $17.405 an ounce. It ranged from $17.105 to $17.635.
Gold for December delivery advanced $2.40, or 0.2 percent, to $1,087.30 an ounce. It ranged from $1,080.50 to $1,098.50.
January platinum climbed $13.10, or 1.0 percent, to $1,369.30 an ounce.

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Braille Commemorative Silver Dollar Deadline Announced

CoinNews.net — Wed, 04 Nov 2009 18:02:09 +0000

The United States Mint this week announced the deadline to order Braille Commemorative Silver Dollars.

The legislation authorizing the coins stipulates that they can only be issued "during the 1-year period beginning January 1, 2009." On its online store, the US Mint has posted the following message:

The 2009 Louis Braille Bicentennial Silver Dollar products must be issued by December 31st. In order to meet these requirements, the United States Mint is only accepting orders for these products until December 11th at 5:00 p.m. ET. Please note that all credit card and billing issues must be resolved prior to December 11th.

The coin products referenced in the notice all honor the 200th anniversary of the birth of Louis Braille, inventor of the Braille system for reading and writing by the blind and visually impaired. The four available, along with their prices and latest sales figures as of Sunday, Nov. 1, follow:

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19th Annual Penny Harvest Commences

Darrin Lee Unser — Wed, 04 Nov 2009 08:08:12 +0000

The annual Penny Harvest is now underway with an estimated 500,000 students participating in the 19th year of its operation.

Penny Harvest Field at Rockefeller Center in 2007 (Photos courtesy of Common Cents©)

Schools across the nation have signed on to take part in the activity by allowing their students to take an active roll in the process. Through the use of adult coaches, peer leaders, assemblies, etc., kids are asked to volunteer their time to help raise money for their community, one penny at a time.

Those who do participate then go home and ask their family, friends, and neighbors for loose change (as well as donate some themselves) and begin to collect it to be eventually turned back in to their school. Once the coins are compiled, the funds are set aside while those same students take an active part in deciding what do to with the money.

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Austrian Mint Launches Crown of an Archduke Gold Coin

Austrian Mint — Wed, 04 Nov 2009 07:23:13 +0000

The second 100 Euro coin in the gold series "Crowns of the House of Habsburg" will be released on Wednesday, 4th November. It is dedicated to the so-called "Archduke’s Hat", a name derived from the red velvet cap within the crown itself.

CLICK TO ENLARGE: Austrian 100 euro Crown of an Archduke Gold Coin

The title of archduke was invented by Rudolf IV in the spurious document of 1358/59 called the privilegium maius. It was an attempt to assert the status of the House of Habsburg as the equal of any Prince Elector of the Holy Roman Empire. There exists a mediaeval portrait of Rudolf wearing a crown similar to the Archduke’s Hat. Early versions of the crown have not survived, being either broken up or melted down.

In 1616, however, Archduke Maximilian III of Tyrol had the present Archduke’s Hat fashioned and he gave it to the Augustinian Abbey of Klosterneuburg just outside Vienna in honour of St. Leopold, whose tomb and shrine are still situated there to this day. The crown was not worn as such. There was no coronation. It was rather a symbol of authority and rank. It was brought into Vienna only for the ceremony of homage paid by the Estates of Lower Austria on the accession of a new Habsburg ruler. Even today the crown is not permitted to be outside the walls of the abbey for more than 30 days at a time.

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Gold Hits Record High, Silver Soars, Stocks End Mixed

CoinNews.net — Tue, 03 Nov 2009 22:34:20 +0000

New York gold futures surged to a new all-time high Tuesday as news hit the streets that the IMF sold 200 metric tons of gold to the Reserve Bank of India. Platinum rose as well, while silver soared to reach back above $17 an ounce. In other markets, crude oil ended higher and US stocks closed mixed.

New York precious metal figures follow:

Silver for December delivery surged 74 cents, or 4.5 percent, to $17.180 an ounce. It ranged from $16.245 to $17.35.
Gold for December delivery jumped $30.90, or 2.9 percent, to $1,084.90 an ounce. The yellow metal ranged from $1,055.50 to $1,088.50.
January platinum rose $18.10, or 1.4 percent, to $1,356.20 an ounce.

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BEP Issues President Obama Engraved Portrait

CoinNews.net — Tue, 03 Nov 2009 17:07:35 +0000

The Bureau of Engraving and Printing (BEP), the government agency responsible for printing US currency, has released the newest addition to the Presidential Portrait Collection, the President Barack Obama Engraved Portrait.

The collection features portraits of each US President captured with the "artistry and craftsmanship of skilled Bureau of Engraving and Printing employees."

There are two hand engraved pints available, a large 9" x 12" Obama portrait for $5.50 and a smaller 6" x 8" for portrait $5.00.

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2009 Buffalo Gold Proof Coin 4-Day Sales at 19.5K

CoinNews.net — Tue, 03 Nov 2009 16:26:31 +0000

Inaugural sales of the 2009 American Buffalo Gold Proof Coin are exceptionally strong, according to newly released figures by the United States Mint. Four-day sales of the 24-karat, .9999 fine gold collector coin came in at 19,468 — a tad shy of surpassing figures for the one-ounce 2008 Proof Buffalo Gold.

The proof coin went on sale Thursday, Oct. 29, at 12:00 noon ET. Few issues were reported in ordering — via the phone or the US Mint’s website — during the first several hours of availability, unlike the recent launch of the Lincoln Coin and Chronicles Set where the 50,000 authorized sold out within 30 hours.

The Buffalos were released at an issue price of $1,360.00. That was expected to hold some collectors at bay. Further complicating a decision to order was the falling gold prices last week. The US Mint prices its collector gold coins based on a weekly average of the London Gold fix. If the gold price falls below $1050 an ounce, the Buffalo and UHR gold piece will be dropped $50.

A price reduction was missed last Wednesday by a mere 28.8 cents, and indications were that the change could occur this week. That may still happen tomorrow, although it seems less likely.

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2009 Lincoln Presidency Cent Launch Information

Darrin Lee Unser — Tue, 03 Nov 2009 06:35:25 +0000

With the release ceremony for the final 2009 Abraham Lincoln Bicentennial Cent scheduled for next week, the US Mint has also announced plans for two additional exchange opportunities for those wanting to get their hands on some of the new 2009 Lincoln DC Presidency Cents.

The ceremony itself is scheduled for 10 AM ET on Thursday, Nov. 12, at the Ulysses S. Grant Memorial on the west side of the US Capitol in Washington, D.C. Following the program, which is expected to last around 30 minutes, attendees will be given the opportunity to exchange cash for new bank-wrapped rolls of the Presidency cents.

Also at 10 AM, two other sites in D.C. will offer coin exchanges. The first will be at the US Mint’s sales outlet at Union Station, 50 Massachusetts Ave N.E. The second will take place on the first floor of the US Mint’s headquarters, 801 Ninth Ave N.W.

All three locations will allow the exchange of cash for a minimum of two rolls up to a maximum of six rolls of the newly minted Lincoln cents. Each roll will contain 50 circulation quality coins struck at the Mint’s facility in Philadelphia. The Mint has stated in advance that the limits may be changed at any time.

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US Mint Gold and Silver Coin Demand Sets October Records

CoinNews.net — Mon, 02 Nov 2009 18:25:57 +0000

October was explosive for US bullion coins. Unprecedented demand for gold and silver coins elevated the month with US Mint recorded sales levels that are either at or near the top of the all-time high charts.

Bullion American Gold Buffalo and American Silver Eagle coins enjoyed their best October ever.

For the Silver Eagles, more than double the amount were sold last month at 2,939,000, than in any previous October. The month also stands out as the time when 2009 became the best selling year ever for eagles — dating all the way back to their launch in 1986. The latest numbers pad the tally further with 23,406,500 delivered in the first 10 months of this year.

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Finest Known 1907 UHR Saint-Gaudens Double Eagle at Santa Clara Expo

Expos Unlimited/Collectors Universe, Inc. — Mon, 02 Nov 2009 17:06:44 +0000

(Santa Clara, California) – The finest known 1907 Ultra High Relief Saint-Gaudens Double Eagle gold coin, insured for $5 million, will be displayed during the first three days of the Santa Clara, California Coin, Stamp & Collectibles Expo to be conducted November 19 – 22, 2009.

CLICK TO ENLARGE: The finest known 1907 Ultra High Relief Saint-Gaudens Double Eagle gold coin

The show will be held in the Santa Clara Convention Center, 5001 Great America Parkway, where free parking is available.

"This magnificent-looking Ultra High Relief is graded PCGS Proof-69, and will be exhibited courtesy of Certified Assets Management of Wilmington, Delaware," said Ronald J. Gillio, Expo General Chairman.

"This famous coin was designed by renowned sculptor, Augustus Saint-Gaudens, at the personal request of President Theodore Roosevelt. It was struck seven times to bring up all the beautiful features in the design. There are less than 20 known surviving examples, and this is the finest. There is no other example certified higher," said Bob Higgins, President of Certified Assets Management.

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© Expos Unlimited/Collectors Universe, Inc. for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Auctions, Coin Shows and Numismatic Events, Coin or Numismatic News, Press Releases and Announcements.

Gold, Silver, Metal Prices: Commentary - 11/2/2009

Jon Nadler, Kitco Metals Inc. — Mon, 02 Nov 2009 15:26:43 +0000

Will Work For Less

Good Day,

Gold prices pushed higher overnight, breaking above the $1050 mark and touching a high near $1058 per ounce. The metal recovered from Friday’s indecisiveness and actually showed a bit of a de-couple from the dollar - while still rising in tandem with oil prices - and a return to contrary behavior against stocks as the Nikkei average slumped by 231 points during the nighttime hours. Today’s action - indeed, the rest of the week’s- will be punctuated by a plethora of US economic statistics and by the FOMC meeting’s results (even if only verbal ones).

A verbal nod - of sorts- was given to gold by an ECB official today, at the LBMA conference in Edinburgh, Scotland. While clearly dismissing the wishful thinking that gold will once again become the peg to which fiat currencies are to be anchored, the speaker highlighted that which we have said for years: that gold as a diversifier of risk, and as the insurance policy in the basement, has a role, and will continue to have a role. Just not the role that is being envisioned by the TEOTWAWKI crowd. NASDAQ reports that:

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Coin Chat Radio: Preventing Numismatic Crime, 2009 Lincoln Cents

Darrin Lee Unser — Sat, 31 Oct 2009 17:00:31 +0000

Host Bob Van Ryzin discusses the Lincoln Coin and Chronicles Set during his segment of ‘What’s In the News’ for the October 29th episode of Coin Chat Radio.

Ryzin talks about the issues the US Mint had with their ordering systems during initial hours of the Lincoln Chronicles release and an apology that the Mint issued over the matter. According to Ryzin, the Mint is searching for a new Chief Information Officer to oversee an upgrade to their online systems.

Doug Davis, Founder and President of the Numismatic Crime Information Center (NCIC), is interviewed by Editorial Director Debbie Bradley on the ‘Industry Insider’ segment. The recent theft of coin dealer Julian Leidman’s collection from his car after the Coinfest show in Connecticut has the two discussing ways to prevent such things from happening to other coin dealers and collectors.

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Bullion & Business Weekend Report - Oct. 31

CoinNews.net — Sat, 31 Oct 2009 15:50:50 +0000

Precious metals retreated on the week as prices fell following a stronger US dollar. New York crude oil dropped the most in a month on Friday, yet still managed an October rise of 9 percent. US stocks also declined sharply Friday to mark their worst one-day slide since April. The Dow, S&P and Nasdaq registered respective weekly losses of 2.6 percent, 4.0 percent, and 5.1 percent. European stocks declined as well.

In London bullion weekly figures, gold fell 2.0 percent, silver shot down 6.1 percent and platinum retreated 3.8 percent. Friday precious metals prices follow:

London silver closed to $16.57 an ounce, plummeting $1.08 from last Friday’s close. New York December silver futures ended at $16.255 for a $1.47 weekly plunge.

London gold was fixed at $1,040.00 an ounce for a $21.75 loss on the week. New York gold for December delivery finished at $1,040.40 for a weekly decline of $16.00.

London platinum ended at $1,320.00 an ounce, falling $52.00 since last Friday’s close. New York platinum for January delivery ended at $1,326.30 for a $43.20 weekly retreat.

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Gold, Silver, Metal Prices: Commentary - 10/30/2009

Jon Nadler, Kitco Metals Inc. — Fri, 30 Oct 2009 13:54:45 +0000

GDP: Great Day to Play

Good Day,

Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything from a ‘one-hit wonder’ to the ‘re-ignition of what we saw during most of October.’

The Bloomberg weekly survey foresees weaker gold prices come next week - not by a large margin (57% bearish)- but still focusing on a potential comeback by the US currency, the early signs of which became visible this past Monday. Demand for the yellow metal once again slipped away in India, following signs of life during the earlier part of the week when values came close to $1025 per ounce. The country recorded its sixth straight month of declining gold imports, despite a decent gain during September - in anticipation of festival-related sales.

New York spot dealings opened with a $2.60 loss in gold bullion, which was quoted at $1043.20 bid, as against a euro-dollar seen at $1.4798 and the USD index steady-to-higher, at 76.05, with little in the way of fresh news thus far this morning. Oil prices gave back about 50 cents of their whopper-sized Thursday gains, slipping to $79.32 per barrel. Risk traders took a latte break this morning, and this gave the dollar a moment to try to re-group.

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Girl Scout Commemorative Coin Act is Law

CoinNews.net — Fri, 30 Oct 2009 05:01:02 +0000

President Obama on Thursday signed the Girl Scout Commemorative Coin Act into law, authorizing the Untied States Mint to strike up to 350,000 silver dollar coins to honor the 100th anniversary of the establishment of the Girl Scouts of the United States of America (GSUSA).

The coins will be minted and sold in 2013, marking the end of Girl Scouts’ yearlong centennial celebration and kicking off a new century of leadership and service to girls.

The bill, H.R. 621, was introduced by Rep. Jack Kingston and easily passed by a voice vote on Oct. 13. Sen. Susan Collins sponsored a companion bill, S. 451. Instead of moving that forward, the Senate simply passed the House version on Oct. 19 by Unanimous Consent.

President Obama signed the bill at 3:15 p.m. ET during a ceremony at the White House that included Connie L. Lindsey, GSUSA National Board Chair, Laurie Westley, Senior Vice President, Public Policy, Advocacy & the Research Institute, and girls from the Girl Scout Council of the Nation’s Capital.

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Gold, Silver and US Stocks Rally

CoinNews.net — Thu, 29 Oct 2009 22:04:33 +0000

Gold and other precious metals spiked Thursday, as did crude oil and US stocks following a report by the Commerce Department saying the economy expanded at a 3.5 percent annualized pace in the third quarter. Gold’s rise broke a losing streak that had extended to five days. The Dow and S&P enjoyed their best one-day jumps in three months.

New York bullion figures follow:

Silver for December delivery jumped 41.5 cents, or 2.6 percent, to $16.655 an ounce. It ranged from $16.12 to $16.71.
Gold for December delivery advanced $16.60, or 1.6 percent, to $1,047.10 an ounce. The yellow metal ranged from $1,048.40 to $1,026.90.
January platinum surged $31.30, or 2.4 percent, to $1,338.20 an ounce.

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