Demand for Australian merchandise retreated final month but it surely was stronger than a 12 months in the past, Perth Mint sales figures for February show.
The Mint’s silver gross sales slowed following two straight month-over-month will increase they usually ended under a million ounces for the primary time in seven months. Its gold gross sales have been the weakest since August.
These gross sales registered in opposition to divided precious metals with LBMA costs in February rising 1.6% for gold and falling 3.9% for silver.
Bullion Gross sales in February 2020
Perth Mint gross sales of gold cash and gold bars totaled 22,921 ounces final month, down 52.5% from January however 59.6% increased than in February 2019.
Yr up to now gold gross sales at 71,220 ounces are up 40.4% from the 50,713 ounces bought throughout the first two months of final 12 months.
February gross sales of the Mint’s silver cash and silver bar mixed to 605,634 ounces, down a whopping 58.2% from the earlier month however 3.7% increased than in February 2019. As for the disparity when evaluating the latest two months, it’s value noting that January gross sales at 1,450,317 ounces ranked third highest for a month since CoinNews began monitoring the Mint’s knowledge in February 2013.
Lastly, Perth Mint silver gross sales at 2,055,951 ounces for the 12 months are 45.5% forward of the 1,413,164 ounces bought throughout the identical interval in 2019.
Perth Mint Gold and Silver Gross sales by Month
Beneath is a month-to-month abstract of Perth Mint bullion gross sales from February 2019 to February 2020. The figures present month-to-month ounces of gold and silver shipped as minted merchandise by The Perth Mint to wholesale and retail clients worldwide. It excludes gross sales of forged bars and different Group actions together with gross sales of allotted/unallocated treasured steel for storage by the Depository.
|Perth Mint Bullion Gross sales (in troy ounces)|