Goldcore Blog | Demand For Gold Coins and Bars At The Perth Mint Surge To 3 Year High | TalkMarkets
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Stephen Flood is the CEO of GoldCore, an international bullion dealers with over 4,000 clients in over 40 countries and with over $205 million in assets under management and storage. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals ...more

Demand For Gold Coins and Bars At The Perth Mint Surge To 3 Year High

Date: Tuesday, January 14, 2020 2:00 PM EDT

Silver sales rose 32.5% from November and surged 97% from a year ago
Source: Perth Mint of Western Australia

by Reuters via Nasdaq.com

The Perth Mint’s gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said.

Sales of gold coins and minted bars in December climbed to 78,912 ounces – their highest since October 2016, and surged about 170% from the same month last year, the mint said in a blog post.

Meanwhile, silver sales in December were at 1,361,723 ounces, rising 32.5% from November and about 97% from a year ago.

Benchmark spot gold prices XAU= rose 3.6% in December, registering its biggest monthly gain since August, while silver prices gained 4.8%. GOL/

The Perth Mint refines more than 90% of newly mined gold in Australia, the world’s second-largest gold producer after China.

by Reuters via Nasdaq.com
 

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