Demand for Gold Coins and Bars at Perth Mint Surge to Three Year High

by Reuters via

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%.

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