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Perth Mint Gold Coins Sales Double In September

By GoldCore
Oct 09, 2017 11:41


Perth Mint Gold Coins Sales Double In September

- Perth Mint gold coins see sales double on month in September
- Perth Mint silver bullion coin sales surge 78% in September
- Perth Mint sold 46,415 ounces of gold in September

- Nearly six times more gold coins sold at Perth Mint than U.S. Mint in September
- Sales surge at Perth Mint from low base; could indicate trend change and higher demand in coming months
The Perth Mint's sales of gold products Sales of gold coins and minted bars jumped to 46,415 ounces Silver sales during the month also rose to 697,849 ounces, The Perth Mint refines more than 90 percent of newly-mined Spot gold prices recorded their biggest monthly drop for the year in September, pressured by the strength of the U.S. dollar amid increasing prospects of a December interest rate September Perth Mint gold coins sales topped U.S. Mint one ounce American Gold Eagle sales of 8,000 ounces by nearly six fold. Perth Mint gold sales topped the U.S. Mint gold sales for the seventh month in a row. Gold sales at the Perth Mint in September 2017 were down 21% from September 2016 sales of 58,811 ounces. Perth Mint gold sales were up 101% in September from 23,130 ounces sold in August. Sales of American Gold Eagles at the U.S. Mint in September 2017 were at a seventeen year low. hike by the Federal Reserve. News and Commentary Gold gains amid renewed North Korea fears (Reuters.com) Chinese stocks rise after weeklong holiday (MarketWatch.com) No Angst Seen Among Indian Investors as Local Flows Accelerate (Bloomberg.com) Corker says he worries Trump's recklessness could lead to 'World War III' (MarketWatch.com) Dollar down from 12-week high vs yen as North Korea fears weigh (Reuters.com) gold in Australia, the world's No. 2 gold producer after China. Gold Readying to Rally (ZealLLC.com) Gold and Silver Digest - Ed Steer (GoldSeek.com) Bass On "Worthless" Puerto Rican Debt, The Crypto "Gold Rush", And Guns (ZeroHedge.com) JP Morgan Dimon's status quo bias and the "internet replay" (StansberryChurcHouse.com) US government lost nearly $1 trillion in FY2017. Again (SoveriegnMan.com) Gold Prices (LBMA AM) compared with 392,091 ounces in August. Silver Prices (LBMA) in September from 23,130 ounces a month ago, the mint said.
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Click image to enlarge

From Reuters:

From Smaulgld:

We will cover this in more depth tomorrow and compare and analyse the sharp increase in Perth Mint gold coin and silver coin demand with the still very low US Mint demand.


Weekly Precious Metal Price Changes (Ed Steer via GoldSeek)

09 Oct: USD 1,282.15, GBP 976.23 & EUR 1,092.01 per ounce
06 Oct: USD 1,268.20, GBP 970.43 & EUR 1,083.93 per ounce
05 Oct: USD 1,278.40, GBP 969.28 & EUR 1,086.51 per ounce
04 Oct: USD 1,275.55, GBP 960.87 & EUR 1,085.11 per ounce
03 Oct: USD 1,270.70, GBP 959.00 & EUR 1,081.87 per ounce
02 Oct: USD 1,273.10, GBP 956.48 & EUR 1,084.55 per ounce

09 Oct: USD 16.92, GBP 12.86 & EUR 14.41 per ounce
06 Oct: USD 16.63, GBP 12.73 & EUR 14.20 per ounce
05 Oct: USD 16.66, GBP 12.64 & EUR 14.19 per ounce
04 Oct: USD 16.83, GBP 12.67 & EUR 14.29 per ounce
03 Oct: USD 16.61, GBP 12.53 & EUR 14.13 per ounce
02 Oct: USD 16.58, GBP 12.46 & EUR 14.12 per ounce

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