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Perth Mint Feb gold sales drop to three-month low as prices rally

Published 01/03/2016, 07:17 pm
Updated 01/03/2016, 07:20 pm
Perth Mint Feb gold sales drop to three-month low as prices rally
XAU/USD
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GC
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MANILA, March 1 (Reuters) - The Perth Mint's gold sales fell to a three-month low in February when prices raced to their highest in a year.

Spot gold XAU= touched $1,260.60 an ounce on Feb. 11 and has clung to most of its gains since as a shaky global economy kept appetite for safe havens like bullion. The metal was trading at $1,241 on Tuesday.

Sales of gold coins and minted bars dropped to 37,063 ounces last month from 47,759 ounces in January, the mint said in a blog post on its website.

The Perth Mint runs the only gold refinery in Australia, the world's second-biggest gold producer after China.

It said silver sales also slipped to 1.05 million ounces last month from 1.47 million ounces in January.

Period

Gold

Silver

(in ounces)

Feb-16

37,063 1,049,062

Jan-16

47,759 1,473,408

Dec-15

40,096 1,083,460

Nov-15

31,664 1,145,239

Oct-15

66,951 1,751,898

Sep-15

63,791 3,349,557

Aug-15

33,390

707,656

Jul-15

51,088

746,700

Jun-15

31,019

384,586

May-15

21,671

337,511

Apr-15

26,545

472,273

Mar-15

34,260

638,557

Feb-15

31,981

392,114

Jan-15

23,174

585,953

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