MARKET VOLATILITY: Due to potential market volatility all orders over the value of £10,000 will require a deposit of 10% if placed using bank transfer or cheque. Deposits will be taken by debit/credit card during the checkout process.

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1147.61 £36.897
Silver £13.510 £0.4344

Updated 17:54 19/10/19

£ $

Perth Mint sales at four month high


Adam Pike, News Editor
2 Jul 2014, 10:42 a.m.

Gold coin sales at the Perth Mint have risen to its highest level in four months as the rising gold price increased investor demand. The sale of gold bars and coins increased to 39,405 ounces in May from 36,127 in February.

The U.S. mint also experienced significant increase in demand in June with 1oz gold American Eagle coins sales reaching 48,500.

Holdings in the world’s largest gold backed exchange traded fund the SPDR Gold Trust, increased by 1.4% over the last two days to 796 metric tons according to data released by Bloomberg. This increase represents the biggest two rise since November 2011.

The gold price has increased by 6.2% in June as the violence continues to escalate in Iraq and Ukraine. The price has also been boosted by the Federal Reserve’s decision to maintain ultra-low interest rates for the foreseeable future.

View original source at: www.bloomberg.com

comments powered by Disqus