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

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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GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
13-Jan-20 1550.35 1549.90, 1194.54 1192.96 & 1394.85 1393.52
10-Jan-20 1548.80 1553.60, 1185.45 1189.28 & 1395.78 1399.64
09-Jan-20 1547.85 1550.75, 1186.89 1188.49 & 1393.99 1396.14
08-Jan-20 1582.85 1571.95, 1206.13 1197.35 & 1421.87 1412.87
07-Jan-20 1566.50 1567.85, 1190.85 1197.05 & 1402.80 1406.52
06-Jan-20 1576.85 1573.10, 1198.09 1197.29 & 1408.44 1406.51
03-Jan-20 1547.40 1548.75, 1182.37 1184.48 & 1389.57 1387.99
02-Jan-20 1520.55 1527.10, 1151.36 1161.51 & 1358.46 1366.91
31-Dec-19 1523.00,                1157.78 & 1358.06

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Mark O'Byrne

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