Perth Mint's Gold and Silver Bullion Coin Sales Soar In September
via Reuters
Sales of gold products by the Perth Mint surged in September to their highest since January 2017, while silver sales more than doubled from August to mark an over two-year peak, boosted by lower bullion prices, the mint said on Wednesday.
Sales of gold coins and minted bars surged 61 percent from August to 62,552 ounces last month, the mint said in a blog post.
Gold sales in September rose about 35 percent from a year-ago period. Gold prices dropped 0.8 percent in September, declining fora sixth consecutive month in their longest losing streak in two decades.
"We have experienced added interest in our bullion coins since the drop in price of both gold and silver during August. Some of this is down to the previously dormant U.S. market, which at last is showing signs of reawakening," said Neil Vance, Group Manager, minted products, at Perth Mint.
Silver sales soared 151 percent from August to 1,305,600 ounces, their highest since March 2016. From a year earlier, sales advanced about 87 percent. Silver prices inched up 0.7 percent in September, after falling for three straight months, and marking an over 9 percent decline in the quarter ended September.
The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world's second-largest gold producer after China.
Gold prices edged up on Wednesday after gaining over 1 percent in the previous session, buoyed by safe-haven demand as Italy's budget plan sets it on course for a potential clash with the European Union.
Period Gold (oz) Silver (oz)
(year-month)
2018-September 62,552 1,305,600
2018-August 38,904 520,245
2018-July 29,921 486,821
2018-June 16,847 229,280
2018-May 14,800 557,120
2018-April 15,161 458,655
2018-March 29,883 975,921
2018-Feb 26,473 992,954
2018-Jan 37,174 1,067,361
2017-Dec 27,009 874,437
2017-Nov 23,901 544,436
2017-Oct 44,618 999,425
2017-Sept 46,415 697,849
2017-Aug 23,130 392,091
2017-July 23,675 1,167,963
2017-June 19,259 1,215,071
2017-May 29,679 826,656
2017-April 10,490 468,977
2017-March 22,232 716,283
2017-Feb 25,257 502,353
2017-Jan 72,745 1,230,867
2016-Dec 63,420 430,009
2016-Nov 54,747 984,622
2016-Oct 79,048 1,084,213
2016-Sept 58,811 1,031,858
2016-Aug 14,684 376,461
2016-July 16,870 693,447
2016-June 31,368 1,220,817
2016-May 21,035 974,865
2016-April 47,542 1,161,766
2016-March 47,948 1,756,238
2016-Feb 37,063 1,049,062
2016-Jan 47,759 1,473,408
News and Commentary
Gold settles at nearly 2-week high amid Italy budget jitters, even as dollar gains (MarketWatch.com)
Gold prices rise as Italy uncertainty boosts safe-haven demand (Reuters.com)
Gold Prices Surge More Than 1%, Rise Above $1200 Level (Investing.com)
Gold jumps amid mild risk-off trade as dollar eases off highs (FXStreet.com)
Perth Mint's Sept gold, silver sales soar (Reuters.com)
Source: ZeroHedge
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Gold Prices (LBMA AM)
02 Oct: USD 1,192.65, GBP 919.77 & EUR 1,035.46 per ounce01 Oct: USD 1,185.30, GBP 907.94 & EUR 1,021.02 per ounce28 Sep: USD 1,183.50, GBP 906.44 & EUR 1,020.41 per ounce27 Sep: USD 1,196.00, GBP 911.59 & EUR 1,020.91 per ounce26 Sep: USD 1,198.80, GBP 910.49 & EUR 1,018.86 per ounce25 Sep: USD 1,199.45, GBP 912.30 & EUR 1,019.77 per ounce
Silver Prices (LBMA)
02 Oct: USD 14.51, GBP 11.20 & EUR 12.59 per ounce01 Oct: USD 14.55, GBP 11.16 & EUR 12.53 per ounce28 Sep: USD 14.31, GBP 10.97 & EUR 12.35 per ounce27 Sep: USD 14.42, GBP 10.98 & EUR 12.31 per ounce26 Sep: USD 14.48, GBP 11.01 & EUR 12.32 per ounce25 Sep: USD 14.29, GBP 10.86 & EUR 12.15 per ounce