2016-11-21 Mon

Gold for December went down by $8.20 and remained at $1,208.70 an ounce on the Comex division of the New York Mercantile Exchange. This number is the lowest since 16th February and the U.S. dollar also reached its highest level since 2003. The lowering of gold pricing can be attributed to the appreciation of the dollar and bond yields. Even then it is 14% higher on the year to date.

As per a survey conducted, 44% of the experts said they were optimistic while 271, or 39%, were not really. The neutral votes were 113, or 16%. Silver for December delivery lost 14.8 cents and is now at $16.624 an ounce. It is the lowest since 7th June.

All of this resulted in the increase in the sale of bullion coins. Gold coin sales increased to 57,000 ounces after rising 27,500 ounces previously. Silver coin sales advanced 1,688,000 ounces after rising 425,000 ounces previously.