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US, Perth mints see renewed demand for gold bullion; Aussie silver shines bright

From kitco.com

Recession fears and the ongoing inflation threat prompted retail investors to jump back into the gold market as two major global mints reported increases in their gold and silver bullion sales. Sales data from the U.S. Mint showed that it sold 64,500 ounces of gold in various denominations of its American Eagle gold bullion coins. Sales are up 24% from June's sharp drop. Last month's sales are up 10% from July 2021. While gold demand picked up in July, investors are still reluctant to buy physical silver. The data from the U.S. Mint shows that it sold 850,000 ounces of silver last month, down 8% from June. Sales are ... (full story)

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  • Category: Fundamental Analysis