💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

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
-
GC
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.